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Zepto board approves Rs 11,000 Cr raise ahead of confidential IPO filing

EntrackrEntrackr · 2d ago
Zepto board approves Rs 11,000 Cr raise ahead of confidential IPO filing
Medial

Zepto board approves Rs 11,000 Cr raise ahead of confidential IPO filing Zepto prepares to confidentially file its draft red herring prospectus (DRHP) on December 26. The company has also recently converted into a public limited company. Quick commerce firm Zepto has moved closer to the public markets after its board approved a plan to raise up to Rs 11,000 crore through a fresh equity issue and an offer for sale (OFS) by existing shareholders, as per regulatory filings accessed by Entrackr. The development comes as Zepto prepares to confidentially file its draft red herring prospectus (DRHP) on December 26. The company has also recently converted into a public limited company. Zepto’s regulatory filings show a sharp rise in scale over the past year, alongside a widening of losses. For the financial year ended March 2025, the company reported turnover including other income of Rs 9,668.76 crore, more than doubling from Rs 4,223.91 crore in FY24. The company’s net loss widened to Rs 3,367.28 crore in March 2025 from Rs 1,214.67 crore in FY24. Zepto recently concluded a $450 million fundraise as part of its ongoing capital expansion ahead of the IPO. The company has raised a total of $2.3 billion since its inception, including $1.8 billion since January last year. The Aadit Palicha-led company was valued at $7 billion during the last fundraise. With this move, Zepto is set to become the third quick commerce player to list on Indian stock exchanges, after Eternal and Swiggy, which operate Blinkit and Instamart, respectively.

Swiggy board approves Rs 10,000 Cr fundraise

EntrackrEntrackr · 1m ago
Swiggy board approves Rs 10,000 Cr fundraise
Medial

url: https://entrackr.com/news/swiggy-board-approves-rs-10000-cr-fundraise-10636718 Content: Swiggy board approves Rs 10,000 Cr fundraise. The fundraise comes as Swiggy looks to strengthen its balance sheet and fuel growth across its core food delivery business and its quick-commerce arm, Instamart. Swiggy Limited, the food delivery and quick commerce company, has received board approval to raise up to Rs 10,000 crore ($1.13 billion) through a public or private offering, including a qualified institutional placement (QIP) or other permissible routes. The company’s board approved the proposal on November 7, 2025, according to a regulatory filing. Swiggy plans to issue equity shares in one or more tranches to eligible investors, subject to shareholder approval at an upcoming extraordinary general meeting. The fundraise comes as Swiggy looks to strengthen its balance sheet and fuel growth across its core food delivery business and its quick-commerce arm, Instamart. The move also aligns with the broader trend of listed new-age firms tapping capital markets to bolster their financial position and expansion plans. Recently, Swiggy reported that its losses widened 74% year-on-year to Rs 1,092 crore in Q2 FY26, while Instamart’s revenue doubled during the same period. The company’s operating revenue surged 23% to Rs 3,760 crore in the quarter, driven by higher order frequency and quick-commerce traction. Meanwhile, the Bengaluru-based company also exited Rapido, securing Rs 2,399.5 crore and yielding over a 2.5X return on its investment made less than four years ago. Swiggy’s proposed capital raise follows rival Zomato’s Rs 8,500 crore QIP in late last year, to strengthen its balance sheet and support its food delivery and quick-commerce verticals.

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