SBI Mutual Fund Raises Swiggy Stake Above 5% With ₹300 Cr Share Purchase

SBI Mutual Fund acquired an additional 1.18 Cr Swiggy shares via open market transactions, raising its stake above 5% and valuing the purchase at ~₹300 Cr. The move signals institutional conviction in quick commerce unit economics; for D2C and QC builders, institutional anchor investors are now more credible signals of market maturity than headline GMV numbers.

Source: Entrackr ↗