Swiggy Ltd has released its Monitoring Agency Report for the quarter ended September 30, 2026, confirming that funds raised via its November 2024 IPO and December 2025 QIP are being utilized according to the original objectives. CRISIL Ratings Limited found no material deviations in the deployment of proceeds, maintaining transparency for shareholders as the company continues to invest in its quick commerce network and technology infrastructure.
Swiggy Confirms Compliant Use of IPO and QIP Proceeds
Swiggy has utilized Rs 41,349.54 million from its IPO proceeds and Rs 21,234.30 million from its QIP proceeds as of September 30, 2026.
Reader Takeaway: CRISIL confirmed Swiggy followed all fund-use plans; remaining cash is parked safely in financial instruments.
What just happened
Swiggy Limited filed its Monitoring Agency Reports for the quarter ended September 30, 2026, prepared by CRISIL Ratings Limited. The reports verify the utilization of funds raised through the company’s IPO in November 2024 and its QIP in December 2025. The monitoring agency confirmed that there have been no deviations from the objectives stated in the original offer documents.
IPO Proceeds Utilization
Out of the total IPO gross proceeds of Rs 44,990 million, the company has deployed Rs 41,349.54 million. Major outlays include Rs 11,153 million for brand marketing and Rs 11,420.55 million for inorganic growth and general corporate purposes. Approximately Rs 3,640.46 million remains unutilized.
QIP Proceeds Utilization
The QIP, which raised Rs 100,000 million, currently has a balance of Rs 78,765.70 million remaining. Key spending to date includes Rs 5,086.72 million for brand marketing and Rs 12,337.18 million for inorganic growth and corporate purposes. Quick commerce fulfilment network expansion, a major focus area for the QIP, has seen Rs 2,070.68 million utilized thus far.
Deployment of Unutilized Proceeds
Swiggy is holding its unutilized funds in conservative financial instruments, including fixed deposits, bonds, corporate deposits, and mutual funds. This strategy ensures the capital remains liquid while generating returns until it is required for core business expansion, technology upgrades, or dark store network development.
What to track next
Investors should monitor the pace of deployment for the QIP proceeds, specifically the investment into the quick commerce fulfilment network, as this will be a key performance indicator for Swiggy’s long-term growth strategy.