This development comes at a time when the food delivery and instant commerce markets are seeing increasing competition. (File photo) Food delivery major Swiggy on Friday said its board has approved a proposal to raise up to Rs 10,000 crore through public or private offerings, including qualified institutional placement (QIP) or other permissible modes. In a filing to BSE, the company said the fundraising could be done in one or more tranches, subject to shareholder and regulatory approvals.

Capital will be raised by issuing equity shares or other instruments as per applicable laws.