About Swiggy Limited
Swiggy is a new-age, consumer-first technology, Swiggy's primary business is operating a B2C marketplace platform where they aggregate restaurant and merchant partners that can list their food and products; users can discover and purchase such items; and they facilitate the fulfilment of these orders through delivery, reservations and payments, and lead generation for partners.
Company has five business segments – (i) Food Delivery; (ii) Out-of-home Consumption, covering dining out and events; (iii) Quick Commerce covering on-demand delivery of grocery and household items, (iv) Supply Chain and Distribution covering B2B supplies, warehousing, logistics and distribution for wholesalers and retailers, and (v) Platform Innovations covering new initiatives and offerings, such as Swiggy Genie, Swiggy Minis, among others.
Swiggy has successfully pioneered the industry in India, launching Food Delivery in 2014 and Quick Commerce in 2020, and due to the pioneering status of Swiggy, it is well-recognised as a leader in innovation in hyperlocal commerce and as a brand synonymous with the categories it is present in,
Why To Invest in Swiggy Limited
New Age B2C technology aggregator platform in food, quick commerce, and grocery delivery, pioneer with strong brand presence.
Company proposes to utilise the Net Proceeds towards funding:
Investment in Material Subsidiary, Scootsy, for repayment or pre-payment of certain or all of its borrowings;
Investment in Material Subsidiary, Scootsy, for: (a) expansion of Dark Store network for our Quick Commerce segment through setting up of Dark Stores; and (b) making lease / license payments for Dark Stores; Investment in technology and cloud infrastructure;
Brand marketing and business promotion expenses for enhancing the brand awareness and visibility of its platform, across our segments; and
Funding inorganic growth through unidentified acquisitions.
Year | 3 month period ended June 2024 | 2024 | 2023 | 2022 |
---|---|---|---|---|
Revenue from Operations (Rs. Cr) | 3222.2 | 11247.3 | 8264.5 | 5704.8 |
Profit After Tax (Rs. Cr) | -611 | -2350.2 | -4179.3 | -3628.8 |
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