Swiggy Limited — Others, 09-05-2025: Monitoring Agency Report

Swiggy Limited has announced a board meeting to review Crisil’s report on the utilization of IPO proceeds for the quarter ended March 31, 2025. The company utilized Rs 689.72 Cr of the Rs 4,499 Cr IPO proceeds, primarily for subsidiary Scootsy’s debt repayment, dark store expansion, leases, technology upgrades, brand marketing, and inorganic growth. Unused funds of Rs 3,574.54 Cr remain in fixed deposits and current accounts, earning about 7% returns. There were no significant delays in fund usage except a minor lease payment delay due to invoice processing. Administrative expenses included Rs 178.11 Cr for salaries.