Top Reasons to Subscribe to Swiggy IPO
About Swiggy Ltd
Swiggy’s Comprehensive Platform for Seamless Services
Founded in 2014, Swiggy Limited provides a user-friendly, single-app platform that enables users to search, select, order, and pay for multiple services. Through Swiggy, users can enjoy food delivery, grocery and household goods delivery via Instamart, and even make restaurant reservations and book events – all backed by a reliable, on-demand delivery partner network.
Key Business Units Driving Swiggy’s Operations
Swiggy operates across five core business units, each tailored to different consumer needs:
Enhanced Platform Services for an All-in-One Experience
In addition to food delivery, Swiggy’s platform offers restaurant bookings through Dine Out and event reservations via SteppinOut, along with hyperlocal delivery services such as Swiggy Genie and Swiggy Minis. The company also provides a membership program, Swiggy One, offering users exclusive discounts and special offers, with additional in-app payment solutions, including Swiggy Money, Swiggy UPI, and a co-branded Swiggy-HDFC Bank credit card.
Business Enablement Solutions for Restaurant and Merchant Partners
Swiggy empowers its restaurant, merchant, and brand partners with a suite of tools for better business performance. These include analytics-driven tools for online presence, customer engagement, and supply chain optimization, along with last-mile delivery solutions to streamline operations and maximize user reach.
Expansive Instamart Inventory and Network
As of June 30, 2024, Swiggy’s Instamart featured approximately 19,000 SKUs, spanning essentials like eggs, bread, and produce, along with impulse, recurring, ad hoc, and seasonal items. By September 2024, Instamart’s network had expanded to 605 active dark stores across 43 cities in India.
Growing Workforce Dedicated to Expanding Services
Swiggy employed 5,401 individuals as of June 30, 2024, reflecting its ongoing commitment to service quality and convenience. This growing workforce is integral to Swiggy’s mission of providing seamless, high-quality services across India.
Key Factors
Swiggy provides a multi-functional platform with diverse services like food delivery, grocery delivery, event bookings, and hyperlocal commerce, catering to a wide array of customer needs.
Swiggy operates 605 dark stores across 43 cities, ensuring extensive accessibility for consumers, especially with Instamart’s wide SKU selection, from essentials to seasonal products.
With unique offerings like Swiggy Genie for product pickups/deliveries and Swiggy One for membership benefits, Swiggy stands out in the market for hyperlocal and convenience-based commerce.
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Swiggy offers comprehensive business solutions, including analytics and supply chain optimization, to restaurant, merchant, and brand partners, enhancing their market presence and operational efficiency.
With over 5,400 employees, 60.52% of whom are women, Swiggy promotes diversity and inclusion, fostering a balanced work environment that strengthens its community impact and workforce morale.
As one of India’s largest and most recognized delivery platforms, Swiggy’s customer trust and loyalty provide a solid foundation for expanding into new markets and services.
Key Details
IPO Date: 06 November 2024 to 08 November 2024?
Face Value: ?1 per share
Price Band: ?371 to ?390 per share
Lot Size: 38 Shares?
Total Issue Size: ?11,327.43 Cr
Financials
Conclusion
Swiggy Limited has rapidly evolved since its founding in 2014, becoming one of India’s leading platforms in food delivery, grocery delivery, and hyperlocal commerce. Its comprehensive, single-app platform allows users to access various services, including quick commerce, out-of-home consumption, and supply chain support. With five key business units, Swiggy has broadened its reach by providing diverse offerings to meet customer demands and support its restaurant and merchant partners with advanced tools, analytics, and logistics solutions. The company’s innovative features like Swiggy Genie, Swiggy Minis, and Swiggy One have further enriched user experience, enhancing convenience and engagement.
Swiggy's market reach is vast, with Instamart operating 605 active dark stores across 43 cities as of 2024. Additionally, Swiggy’s workforce of over 5,400 employees, 60.52% of whom are women, reflects its commitment to diversity and operational excellence.
As Swiggy prepares for its upcoming IPO, scheduled from November 6-8, 2024, investors can evaluate its growth trajectory based on financials. Though it has yet to reach profitability, with reported losses in recent years, Swiggy has steadily increased revenue, reflecting expanding service demand. This IPO offers potential investors an opportunity to participate in Swiggy's long-term growth as it continues to innovate and lead within India's digital commerce and delivery sectors.