Swiggy Unlisted Share Price

Last updated on July 12, 2024

Swiggy Unlisted Share Description – Swiggy, a well-known Indian food delivery company, was established in 2014 by Sriharsha Majety, Nandan Reddy, and Rahul Jaimini in Bengaluru, Karnataka, India. Bundl Technologies Private Limited, commonly known as Swiggy, stands as India’s premier on-demand delivery platform, prioritizing technological advancements in logistics and customer-centric solutions. With a widespread presence in more than 650 cities throughout India, Swiggy efficiently connects consumers to a vast network of over 2,00,000 restaurant partners, encompassing numerous cities. Its dedicated workforce exceeds 5,000 employees, while its independent fleet of delivery executives surpasses 2,60,000, ensuring unparalleled convenience fueled by continuous innovation. Swiggy delivers a swift, seamless, and dependable experience to millions of customers across India.

In addition to its core food delivery services, Swiggy has diversified its offerings over the years, venturing into cloud kitchens, grocery delivery, and hyperlocal deliveries. In 2015, Swiggy secured USD 2 million in seed funding from prominent investors Accel Partners and SAIF Partners. Subsequently, the company attracted significant investments from renowned entities like Naspers, Tencent, and DST Global through multiple funding rounds, solidifying its position in the market.

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Products & Services of Swiggy

• Food Delivery
• Grocery Delivery
• Dine Out
• Insta Mart

Swiggy’s Subsidiary Companies

1. Scootsy Logistics Private Limited
2. Supr Infotech Solutions Private Limited
3. Loyal Hospitality Private Limited

Key Highlights –

• The increase in fair market value comes at a time when Swiggy is preparing for an initial public offering (IPO). The company may file IPO papers in the second half of 2024. Swiggy booked INR 5,476 crore in revenue from operations and INR 1,600 crore loss during the first three quarters of the financial year FY24. (Entrackr’s sources)
• As of December 2023, Swiggy, India’s leading on-demand convenience platform, first started enabling delivery partners with loans in 2019. In the last 12 months, Swiggy has facilitated the disbursement of loans worth INR 102 crores of which INR 10.1 crores was disbursed in November alone. 
• Swiggy’s revenue from operations (gross revenue) grew 44.87% to INR 8,264.6 crore during the fiscal year ending March 2023 as opposed to INR 5,705 crore in FY 2022.
• Overall, the company’s total expenditure surged 34.6% to INR 12,884 crore in FY 2023 from INR 9,574 crore during FY 2022.
• According to the Security and Exchange Commission (SEC) filings, Invesco valued Swiggy’s shares at USD 3,305 as of 31 January 2023, down from USD 4,759 in October 2022.
• In April, Invesco cut Swiggy’s valuation to USD 8.2 billion from USD 10.7 billion.

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Swiggy Board of Directors

• Sriharsha Majety, CEO and Co-Founder
• Lakshmi Nandan Reddy Obul, Director
• Suparna Mitra, Independent Director
• Mallika Srinivasan, Independent Director
• Shailesh Haribhakti, Independent Director
• Sahil Barua, Independent Director
• Ashutosh Sharma, Nominee Director

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Swiggy Unlisted Share Details

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Swiggy Unlisted Share Details – Shareholding Pattern

Details of shares held by the shareholder’s group:

Swiggy Unlisted Share Details – Financial Metrics

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Swiggy Unlisted Share Peer Comparison

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