Swiggy is our favourite meal ordering app, but many people are sceptical about investing in it. In this post, we will attempt to address the issue, “Is Swiggy Listed On The Stock Exchange?”
Food delivery platforms have swept India, with billions of dollars spent in startups that can bring your favourite biryani in 20 minutes or less. Revenue from online food delivery in India is estimated to reach roughly $12.14 billion in 2022, rising to $20.26 billion by 2027. Swiggy and Zomato established themselves in the food delivery sector long before the newcomers came.
About The Company
Swiggy is a meal delivery service that brings restaurant cuisine to consumers’ homes, offices, or colleges. The company was started in Bengaluru, India, in 2014. The app lists all area food places, regardless of the sort of food or beverage they serve. Customers submit orders using the application. Let’s have a look at the company’s operations before we answer the question Is Swiggy Listed In Stock Market.
How Is Swiggy Expanding Its Business?
Swiggy has purchased five firms throughout its existence, the most recent being Dine Out for $200 million.
Swiggy has purchased five firms over the years: Dineout, Kint, Supr Daily, Scootsy, and 48East.
According to Crunchbase, Swiggy is backed by 40 investors, 14 of whom are lead investors.
According to EquityZen, some of the venture capital companies that have invested the billion-dollar business include Wellington Management, Tencent Holdings, Samsung Ventures, Accel, Norwest Venture Partners, and SAIF Partners.
How Much Has Swiggy Raised?
The corporation is well-funded, having received up to $3.6 billion in investment thus far.
Swiggy has acquired 5 companies thus far with this money, the most recent being Dineout for $ 200 million in 2022.
Swiggy is valued at $10.7 billion, with the most recent Softbank round raising $700 million for the firm. This more than quadrupled its previous worth of 5.5 billion dollars.
To respond to the question,
Is Swiggy Listed In Stock Market?
Not yet, is the answer. In India, a corporation is deemed publicly traded if its common stock is traded on the Bombay Stock Exchange or the National Stock Exchange.
It should be noted that several of the Pre-IPO businesses also trade on unlisted marketplaces. Unlisted company share prices may be found on websites such as Altius Investech, Unlistedzone.com, and others.
Swiggy’s primary rival Zomato is traded on the NSE and BSE. It was founded four years before Swiggy in 2010. Zomato went public in July 2021 with a price range of 72-76 and an opening premium of 126 per share. Since its initial public offering, the company’s share price has steadily declined. Swiggy and Zomato jointly control 90% of the meal delivery business in India.
Swiggy Competitors
Swiggy’s main competitor, Zomato, is already listed on the BSE/NSE.
It was founded four years before Swiggy in 2010. Zomato went public in July 2021 with a price range of 72-76 and an opening premium of 126 per share. Since its initial public offering, the company’s share price has steadily declined.
Swiggy and Zomato jointly control 90 percent of the Indian meal delivery business. According to the NRAI (National Restaurant Authority India), Zomato dominates the north Indian market, while Swiggy dominates the south.
In Closing
While Swiggy might not be listed right now, it is planning the Swiggy IPO for F.Y. 2023, with ICICI Securities and J.P. Morgan hired as lead managers to launch the IPO. We hope you enjoyed reading our article “Is Swiggy Listed In Stock Market”. Happy Investing!
