Swiggy Limited — Others, 31-07-2025: Monitoring Agency Report

Swiggy has released its Monitoring Agency Report for the quarter ended June 30, 2025, confirming the utilization of its Initial Public Offer (IPO) proceeds. The report by CRISIL Ratings Limited indicates no deviation from the stated IPO objectives. Of the gross fresh issue proceeds of Rs 4,499.00 Cr, Swiggy utilized Rs 1,879.45 Cr by the end of the quarter. Significant allocations during the quarter included Rs 185.78 Cr for Dark Store expansion, Rs 158.81 Cr for technology and cloud infrastructure, Rs 211.52 Cr for brand marketing, and Rs 353.58 Cr for general corporate purposes, including administrative and operational expenses. The remaining unutilized Rs 2,619.55 Cr is largely held in fixed deposits, earning interest. This update assures investors that funds are being deployed as planned.