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HomeMarket NewsSwiggy to mull raising up to ₹10,000 crore via QIP or other routes on Nov 7
The company reported a net loss of ₹1,092 crore for the September quarter, which was higher than the ₹626 crore loss it had reported during the same quarter last year.
Food delivery platform Swiggy said on Thrusday it will consider raising up to ₹10,000 crore through a qualified institutional placement (QIP) or other fundraising routes at a board meeting scheduled for Nov 7.
The company reported a net loss of ₹1,092 crore for the September quarter, which was higher than the ₹626 crore loss it had reported during the same quarter last year.
Revenue for the quarter under review increased to ₹5,561 crore from ₹3,601 crore during the same quarter last year, implying a growth of 54%.
