Swiggy IPO

Swiggy Limited

Swiggy IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
To be announced------
Issue SizeIPO Doc
10400.00Cr
DRHP PDF

About Swiggy

Swiggy is a technology company that allows users to browse, select, order, and pay for food through a single food delivery service app. Users can also order grocery and household items via Swiggy’s Instamart. Orders placed on the app are delivered directly to customers' doorsteps through a network of delivery partners. The platform also offers features for making restaurant reservations (Dineout), booking events (SteppinOut), utilising product pick-up and drop-off services (Genie), and participating in various hyperlocal commerce activities (Swiggy Minis). ;
Founded in
2013
Managing director
Sriharsha Majety
Parent organisation
Swiggy Limited

Strengths & Financials of Swiggy

Strengths
Risks
Swiggy offers various discounts and deals through its membership program, Swiggy One. The platform also provides convenient in-app payment options, including the digital wallet Swiggy Money (a prepaid payment instrument), Swiggy UPI, and the Swiggy-HDFC Bank credit card for added benefits.
Swiggy has acquired Dineout to enhance users’ offline restaurant experiences and establish restaurant partner relationships.
In its 10th year of operation, Swiggy reached 112.73 million users who have transacted on its platform as of June 30, 2024.
The company claims to utilise its network of users and partners to assess market demand for new offerings through targeted testing. Once a service demonstrates its potential for scalability, profitable unit economics, and geographic expansion, Swiggy proceeds to roll it out across various cities.
Swiggy also claims to employ technology-driven personalised recommendations to help users quickly find desired offerings, evaluate their options, and make choices. Additionally, its targeted advertising tools enable restaurants, merchants, and brand partners to effectively promote their brands on the platform and attract new users.
The company has seen a consistent increase in revenue from operations. Revenue from operations increased from Rs 5,704.90 crore in FY22 to Rs 8,264.60 crore in FY23 to Rs 11,247.39 crore in FY24.

Swiggy Financials

*All values are in Rs. Cr
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