SWIGGY

₹10,000-crore QIP was subscribed 4.5 times, demonstrating strong investor confidence. The fundraiser strengthens Swiggy's balance sheet, but Blitkit remains a cash-rich leader with ₹35,000 crore. Bernstein's Jignanshu Gor predicts only a few large players will survive in the competitive quick commerce sector, with Blinkit leading on most metrics.