Swiggy unlisted shares
Swiggy is a food ordering and delivery platform in India. In 2014, Sriharsha Majety and Nandan Reddy two BITS Pilani graduates decided to change the way India eats. That’s how they brought in the idea of hyperlocal food delivery. Rahul Jaimini was the tech specialist who transpired their idea into a tech platform and made it ready to use. They started signing a few restaurants in Koramangala, Bengaluru in 2014 when they began operations. The company launched its app in 2015 and expanded beyond Bangalore and across the country. They are currently present in over 100 cities in India including, Mumbai, Pune, Chennai, Ahmedabad, Bangalore, Hyderabad, Kolkata, Delhi, and Gurgaon. The app provides live order tracking, does not require a minimum amount to place an order, and assures the fastest delivery.
- Vivek Sunder – COO
- Rahul Bothra – CFO
- Dale Vaz – CTO
- Vishal Bhatia – CEO – New Supply
- Girish Menon – VP HR
- Srivats TS – VP Marketing
- Dolly Sureka – VP Assurance and Business Advisory
- Pradnya Karbhari – VP Engineering
- Paul Birji Varghese – VP Supply
- Rajesh Unnikrishnan Nair – VP Operations
- Srinath Rangamani- VP Design
- Sandeep Mina- VP Supply
- Ashish Chatterjee – VP Products
- Anuj Rathi- VP Products
- Madhusudhan Rao- VP Engineering
- Alok Jain – Entrepreneur in Residence
In a recent article in Economic Times, it quoted that Swiggy’s unlisted shares trade at a whopping Rs 2.7-2.8 lakhs/share.
Swiggy’s report also claimed that in 2020, a biryani was ordered every second, including veg, chicken, mutton. This was based on the millions of orders received by Swiggy and was posted in its StatEATstics analysis. The company witnessed an addition of 300,000 users. the company also delivered 200,000 pani puris.
The company also launched Swiggy HealthClub, this was a brand curated for healthy items and was functional in cities like Mumbai, Bangalore, Ahmedabad, and Hyderabad.
Swiggy in 2020 also reported a Rs 2955.6 crore revenue, it was a 2.4X growth from 2019. It collected 55.7% of the total operating revenue as a service fee from consumers.
The Business Model
It operates as a dual-partnership model, which means it benefits restaurants that can receive orders from customers using the Swiggy app.
After placing the order the customers will know the order details, prepare it and deliver it to the Swiggy drivers. The restaurants thus, don’t have to employ their own personnel to deliver products. The company also provide time to time updates of the delivery status.
Their customer segment includes people who do not wish to go out to restaurants. They have also enabled digital wallets like Paytm, PhonePe, Freecharge, and Mobikwik along with debit and credit cards. Cash on delivery is also available as an option. Grocery stores, restaurants, and Instagram are its partners. It makes money with the commission, and service fees from restaurants.
Swiggy Latest News
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While reasonable endeavors have been made to present reliable data so far as it relates to current and historical information, but we do not guarantee the accuracy or completeness of the said data or information. Please consult your financial advisor before buying or selling any unlisted shares.