Swiggy Raises Rs 10,000 Crore in India's Largest Consumer Tech Funding Round

Biggest Mutual Fund Houses Invest in Swiggy

Three major mutual fund houses, ICICI Prudential AMC, SBI Mutual Fund, and Aditya Birla Sun Life Mutual Fund, have invested heavily in Swiggy's recent funding round. Together, they have bought shares worth over Rs 3,700 crore, accounting for more than 37% of the total issue.

Details of the Investment

ICICI Prudential AMC alone has been allotted around 16% of the issue, while SBI Mutual Fund has received approximately 15%. Aditya Birla Sun Life Mutual Fund has gotten close to 6% of the shares. This investment makes them the largest investor group in the transaction.

Swiggy's Funding Round

Swiggy has raised a total of Rs 10,000 crore through this funding round, which is one of the largest in India's consumer tech space. The company plans to use the funds to expand its quick commerce fulfillment network, invest in technology and cloud infrastructure, and explore potential growth opportunities.

Other Investors

In addition to the three major mutual fund houses, over 80 institutions have participated in the funding round, including insurance companies like ICICI Prudential Life Insurance and HDFC Life Insurance. Global investors such as Capital Group, BlackRock, and Goldman Sachs Asset Management have also invested in Swiggy.

Impact on Swiggy and the Market

This investment is a significant boost to Swiggy's balance sheet, especially in a competitive food delivery and quick commerce market. The funding round also signals growing domestic institutional ownership in India's listed consumer internet companies, as local savings increasingly flow into equity markets through mutual funds.

Key Facts

• Swiggy has raised Rs 10,000 crore through its recent funding round.
• The three major mutual fund houses have invested over Rs 3,700 crore, accounting for more than 37% of the total issue.
• The funding round has attracted over 80 institutions, including insurance companies and global investors.
• Swiggy plans to use the funds to expand its quick commerce fulfillment network, invest in technology and cloud infrastructure, and explore potential growth opportunities.