Swiggy is one of the leading Indian hyperlocal convenience platforms that allow users to order from food, groceries or household products from a single app. Launched in 2014 with just food delivery, the company has since expanded its services to include Instamart (groceries), Dineout for reservations at restaurants, SteppinOut for event bookings and Swiggy Genie — an item pick-up and drop-off feature. Swiggy Mall is Swiggy’s latest offering and it brings a broader range of quick-commerce categories to its Instamart, making it a more holistic shopping experience. Swiggy has a unified platform approach that allows it to offer cross-service engagement across its growing user base, while driving operational efficiency through a shared infrastructure and technology stack. Swiggy One, the membership program of Swiggy, provides discounts and free deliveries across services to retain customers. Swiggy also offers a digital wallet, Swiggy Money and UPI payment option along with co-branded Swiggy-HDFC credit card which lets users pay in multiple ways and get rewards. Swiggy is also providing partners with a suite of business enablement tools such as data analytics, supply chain support and last-mile delivery solutions that help them reach out to more customers more efficiently. Financially, Swiggy has grown steadily with increasing gross order value (GOV) across its core segments. According to the Kantar BrandZ 2024 report, Swiggy is one of India’s top 25 brands and is valued for its tech and service contributions. With a focus on innovation and a suite of multi-service capabilities, the company is well-positioned to grow within India’s fast-growing digital commerce market where consumers increasingly seek convenient, reliable and immediate service options.

For the year/period ended (Rs. in Cr.)

For year/ period ended ( in Cr.)

• Unified Platform & Diverse Offerings
• Strong Brand
• Comprehensive Partner Network
• Operational Efficiency & Innovation
• High Market Engagement

• Offer for Sale.
• Investment in Subsidiary, Scootsy to manage its debt
• Investment in technology and cloud infrastructure
• Brand Marketing and Business Promotion
• Funding inorganic growth through unidentified acquisitions and general corporate purpose

The company is involved in food delivery channels where companies operate with thin margins. The company’s revenue increased from INR 5704 crs to INR 11247 crs, registering 25% CAGR growth. Nevertheless, the company’s PAT margin improved from -59% to -20%, but it is still making losses during the last three fiscal years. The company still has poor financials, so we have a “Neutral” stance for this stock due to negative net worth and poor financials.