Introduction:
Swiggy is an Indian online food ordering and delivery platform. Swiggy started its operations in Bangalore & today operates in more than 500 cities.
Swiggy has divided its services into 5 segments:
Swiggy Food: Marketplace Services for food ordering and delivery segment which provides a single window for ordering from a wide range of restaurants and delivers the same to customers.
Swiggy Instamart: A quick delivery service that promises groceries to be delivered to the users doorstep within 45 minutes.
Swiggy Dineout: India’s leading dining out and restaurant tech solutions platform that serves millions of customers across its network of 5,00,000 restaurants across 20 cities.
Swiggy Genie: It is a logistic service that allows one to deliver or receive anything such as lunchboxes, documents, laundry, items for repairs, shoes, and stationary from one location to another.
Swiggy Band works: With Swiggy Band works, restaurant partners can create different intriguing ideas out of a single kitchen, giving customers new refreshing experiences and menus with each virtual kitchen. Swiggy helps with menu creation including positioning and pricing, strategizing on how to achieve target market, marketing and financial aspects.
To strengthen its business fortunes further, Swiggy has recently acquired 5 companies with Dine-out being the latest purchase for 200 Mn$. Dine-out, Kint, Supr Daily, Scootsy and 48 East are 5 companies that Swiggy has acquired over the past few years.
Swiggy NSE Share Price:
Since Swiggy hasn’t listed itself on the stock exchange, hence Swiggy’s NSE share price isn’t available. Although Swiggy plans to list itself on the exchange in 2023. You can find all the relevant details about when the food delivery start-up decides to list on the stock market and files its DRHP on Planify. A ‘DRHP or Draft Red Herring Prospectus’ is a document filed by a company that is looking to go public in the near future. The documents include all the information about the company, funds raised previously by the company and where were they utilized as well as future prospects of the company.
Swiggy Upcoming IPO:
Many experts expect Swiggy to list itself on the stock exchange in 2023. Analysts expect Swiggy to raise 1 Bn$ from its upcoming IPO.
As of now, Swiggy is being funded by 40 investors out of which 14 are lead investors. Some of the big names that have invested in Swiggy include Wellington Management, Tencent Holding, Samsung Ventures etc. Swiggy has raised over 3.6 BN$ till now which shows how well-funded the organization is. Swiggy as of date is valued at 10.7 Bn$ with the latest soft bank round raising 700 Mn$ for the company. This helped double its valuation to 5.5 Bn$ in 2022
Swiggy Unlisted Shares:
Swiggy Unlisted Shares are available at Planify for ₹ 150 per share. Investors have a golden chance to gain the first-mover advantage by investing in unlisted shares of Planify and earning exponential returns in the future.
Swiggy’s Competitors and Performance Comparison:
Swiggy’s biggest competitor is Zomato which got incorporated in 2016 and has already listed itself on the stock exchange. Zomato’s shares went public in 2021 at a price of ₹ 72-76 and were opened at a premium of ₹120. Currently, Zomato's prices vary between ₹ 52-54 per share. A key difference that one can see between the two is that while Zomato holds dominance over the market presence in Northern India, Swiggy on the other hand is more dominant in the market in Southern India. Overall both hold over 90% market presence in India.
Conclusion:
While Swiggy might not have listed itself yet but there are high chances we might see them launch their much-awaited IPO in 2023 for which they have also hired ICICI Securities and J.P Morgan as Lead Managers.