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Vinayak Shivanagutti

🚀7M+ Post Impressio... • 1y

Swiggy: India's Food Delivery Giant Founded in 2014, Swiggy's tech-driven food delivery platform has transformed the Indian market. Key Stats: 150M+ users 500+ cities 200K+ delivery partners Business Model: Swiggy connects customers, restaurants, and delivery partners. Revenue comes from commissions, advertising, and subscriptions (Swiggy Super). Financials (approx.): FY18: Revenue-$150M FY19: Revenue-$340M FY20: Revenue-$750M FY21: Revenue-$1.3B FY22: Revenue-$1.7B, Losses-$550M Valuation: $10.7B (2021) Challenges: Achieving consistent profits Intense competition (Zomato, etc.) Evolving regulations Outlook: Swiggy focuses on: Reaching smaller cities Diversifying into groceries (Instamart) and courier services (Genie) Conclusion: Swiggy's success showcases India's startup potential. While facing challenges, its ambition and funding position it well for continued growth within the country's expanding e-commerce sector.

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Replies (3)

Anonymous 2

Hey I am on Medial • 1y

You haven’t put the updated valuation it has been marked up by 12.4-15bn USD

1 Reply

Anonymous 1

Hey I am on Medial • 1y

Waiting for the ipo really bad. I think it’ll tank. 12 bn seriously???!!

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