Swiggy IPO
Swiggy is India's leading online food delivery platform, offering seamless and fast food ordering services across over 500 cities. Founded in 2014, the company has diversified its offerings with platforms like Instamart for quick grocery delivery and Swiggy Genie for pick-up and drop services. Swiggy operates with a vast delivery network of over 200,000 executives and employs advanced machine learning algorithms to enhance user experience. Known for its convenience and efficiency, Swiggy has revolutionized food delivery in India. Despite its rapid growth, the company continues to innovate and expand its services while working towards financial sustainability.
Price Range
Bidding Dates
Allotment Date
Key Statistics
 Issue Size | ₹10,400Cr |
Products & Services
| Product | Online food and grocery delivery services in India. |
| Known For | Quick and efficient food delivery services, Swiggy Instamart, Swiggy Genie. |
| Top Products | Food delivery, Groceries (Swiggy Instamart),Pickup and Drop services (Swiggy Genie),Subscription service (Swiggy One) |
Swiggy Key Financials
Objectives of the IPO
Management Team And Directors
Background in technology and entrepreneurship, with a focus on scaling tech-driven businesses.
Strength and risks
Strength
Swiggy’s operating revenue grew by 36% in FY24, reaching ₹11,247 crore, while its losses dropped by 44% to ₹2,350 crore during the same time frame.
The company employs over 5,000 people and has a delivery network of more than 200,000 executives, ensuring smooth operations.
Swiggy has expanded beyond food delivery by introducing services like Instamart for quick grocery deliveries and Swiggy Genie for pick-up and drop services, widening its market into non-food sectors.
Operating in over 500 cities across India, Swiggy has become a major player in various regions.
The company leverages machine learning to enhance user experience, making its services more efficient and seamless.
Risk
Swiggy has consistently reported net losses and negative cash flows since its founding. Although services like Food Delivery and Quick Commerce have shown revenue growth, high costs related to marketing and delivery remain challenging.
The company's growth depends on cost-effective strategies for acquiring and retaining users. Shifts in user preferences or better deals from competitors may cause a decline in its customer base, impacting revenue.
Maintaining relationships with restaurant and merchant partners is crucial. If these partners raise prices or switch to competitors, Swiggy could see a drop in order volumes.
Proper management of its Dark Stores is essential for the success of Quick Commerce. Mismanagement could lead to service disruptions, higher costs, and decreased customer satisfaction.
Changes in government regulations around e-commerce and food delivery could pose significant risks to Swiggy’s business model and demand.
About Swiggy
| Organisation | Swiggy |
| Headquarters | Bangalore, India |
| Industry | Online Food Delivery |
Frequently Asked Questions
What is the size of the Swiggy IPO?
The size of the Swiggy IPO is ₹10,400Cr .
What is 'pre-apply' for Swiggy IPO?
'Pre-apply' for Swiggy IPO indicates your interest in the IPO before it opens for subscription. This ensures quick application when the IPO goes live.
What would be the listing gains on the Swiggy IPO?
The potential listing gains on the Swiggy IPO will depend on various market factors and cannot be predicted with certainty.