IPO Details

About Company

Founded in 2014, Swiggy Limited offers users a convenient platform accessible through a single app, allowing them to search, select, order, and pay for food (Food Delivery), groceries, and household essentials (Instamart), with deliveries made through an on-demand partner network. The company operates through five business units: 1. Food Delivery 2. Out-of-home Consumption: This includes dining at restaurants and event attendance. 3. Quick Commerce: Focused on the on-demand delivery of grocery and household items. 4. Supply Chain and Distribution: Involves business-to-business (B2B) deliveries, warehousing, logistics, and distribution services for wholesalers and retailers. 5. Platform Innovation: Dedicated to new initiatives and offerings, including Swiggy Genie and Swiggy Minis. Swiggy's platform facilitates restaurant reservations (Dineout), event bookings (SteppinOut), product pickups and deliveries (Genie), and various hyperlocal commerce activities (Swiggy Minis and others). The company also provides a membership program called “Swiggy One,” which offers discounts and benefits, alongside in-app payment solutions like the digital wallet “Swiggy Money” (a prepaid payment instrument), “Swiggy UPI,” and a Swiggy-HDFC Bank credit card. Swiggy offers comprehensive business enablement solutions to restaurant partners, merchant partners (selling groceries and household items on the platform), and brand partners, including alliance partners. These solutions include analytics-driven tools to enhance their online visibility and user engagement, as well as fulfillment services to optimize their supply chain and last-mile delivery. As of June 30, 2024, Swiggy featured approximately 19,000 SKUs of grocery and household products. These include everyday essentials like eggs, bread, fruits, and vegetables, impulse buys such as snacks and quick meals, recurring monthly or weekly purchases like shampoos and soaps, ad hoc items like feminine hygiene products, basic pharmaceuticals, personal care items, and stationery, as well as festive and occasion-related purchases, including sweets and supplies for sporting events. As of June 30, 2024, Swiggy's Instamart operated a large network of 557 Active Dark Stores across 32 cities in India, and by September 10, 2024, this expanded to 605 Active Dark Stores across 43 cities. The company employed 5,401 people as of June 30, 2024.