Swiggy Clarifies NOICE Partner Financing Structure

Date: October 05, 2026

Regulatory Clarification

Swiggy Limited issued a clarification regarding media reports published on October 5, 2026, titled "Instamart's NOICE to double its food entrepreneur base, scale product range to 500+".

The clarification addresses the financing programme mentioned in the communication, stating that it is being facilitated in partnership with financial institutions including SIDBI, Axis Bank and InCred.

Financial Exposure Clarification

• Neither Swiggy Limited nor Swiggy Neocap Private Limited will bear any credit exposure in relation to the financing extended under this programme
• The respective partner institutions (SIDBI, Axis Bank, InCred) will fund and extend the loans and credit facilities
• These institutions will independently undertake the applicable credit assessment and bear the associated credit exposure
• The programme does not involve funding or deployment of capital from the balance sheets of Swiggy Limited or its group companies