Content

  1. 1Swiggy Essentials
    1. 1.1 Swiggy ISIN
    2. 1.2 Swiggy Face Value
    3. 1.3 Swiggy Total Share
    4. 1.4 Swiggy Total Income
    5. 1.5 Swiggy Profit After Tax
    6. 1.6 Swiggy Promoter Holding
    7. 1.7 Swiggy EPS
    8. 1.8 Swiggy P/E
    9. 1.9 Swiggy P/B
    10. 2.0 Swiggy Market Capitalisation
    11. 2.1 Swiggy Enterprise Value
    12. 2.2 Swiggy Book Value
    13. 2.3 Swiggy Intrinsic Value
    14. 2.4 Swiggy Earnings Yield
    15. 2.5 Swiggy Dividend Yield
    16. 2.6 Swiggy Sector
    17. 2.7 Swiggy Sub-sector
    18. 2.8 Swiggy Category
    19. 2.9 Swiggy Cashflow - Operations
    20. 3.0 Swiggy Cashflow - Financing
  2. 2Swiggy Growth
    1. 2.1 Swiggy Compounded Sales Growth
    2. 2.2 Swiggy Compounded Profit Growth
    3. 2.3 Swiggy Return On Equity
  3. 3 About Swiggy
  4. 4 Swiggy IPO Details
  5. 5 Swiggy Funding
  6. 6 Swiggy Merger & Acquisition
    1. 6.1 Swiggy Merger
    2. 6.2 Swiggy Acquisition
    3. 6.3 Swiggy Investments
  7. 7 Swiggy Subsidiaries
  8. 8 Swiggy Business Model
  9. 9 Swiggy Revenue Segmentation
  10. 10 Swiggy Product & Services
  11. 11 Swiggy Assets
  12. 12 Swiggy Industry Overview
    1. 12.1 Swiggy Industry Statistics
    2. 12.2 Swiggy Future Prospects
    3. 12.3 Swiggy Government Initiatives
  13. 13 Swiggy Awards & Achievements
  14. 14 Swiggy SWOT
    1. 14.1 Swiggy Strengths
    2. 14.2 Swiggy Shortcomings
    3. 14.3 Swiggy Opportunities
    4. 14.4 Swiggy Government Threats
  15. 15 Swiggy Rating
  16. 16 Swiggy Detail Info

Swiggy Essentials

Read this research to get complete analysis about Swiggy Unlisted shares.

-  Swiggy IPO Details

-  Swiggy Upcoming IPO Details
-  Expected IPO Date
-  Swiggy Business Model
-  Key Ratios
-  Peer Comparisons
-  Complete financial reports (Profit and Loss Statements, Balance Sheets, Results, Growth, Valuations, Funding Rounds)
-  Latest Swiggy news (Articles and Videos)

-  Upcoming and Past Events Details
-  Rating and recommendations for the Company's shares (Whether to Buy/Sell/Hold)
-   Share Price (Latest market stocks to buy)

ISIN

INE00H001014

Face Value

₹1.00

Total Share

16,45,59,145

Total Income

₹6,119.80 Cr

Profit After Tax

-₹3,280.50 Cr

EPS

-₹221.00

P/E

-1.76

P/B

0.91

Market Capitalisation

₹6,401.35 Cr

Enterprise Value

₹5,805.75 Cr

Book Value

₹425.51

Intrinsic Value

-₹7,63,17,631.00

Earnings Yield

-56.81 %

Sector

Consumer Staples

Sub-sector

Logistics

Category

Unicorn

Cashflow - Operations

-₹3,900.40 Cr

Cashflow - Financing

₹13,634.10 Cr

Swiggy Growth

Compounded Sales Growth

  • 123.99%

    1 Year

  • 89.54%

    4 Year

  • 368.07%

    7 Year

Pro Only

Compounded Profit Growth

  • -150.40%

    1 Year

  • -69.51%

    4 Year

  • -186.31%

    7 Year

Pro Only

Return On Equity

  • -46.85%

    2022

  • -71.40%

    2019

  • -134.25%

    2016

Pro Only

About Swiggy

Swiggy is an Indian online food ordering and delivery platform. Swiggy started its operations in Bangalore and today operates in more than 500 Indian cities. 

Swiggy does business under the following segments:-

  • Swiggy Food:- Marketplace services for food ordering and delivery segment which provides a single window for ordering from a wide range of restaurants and delivers the same to the customers
  • Instamart:- A quick delivery service that promises groceries to be delivered to the user's doorstep within 45 minutes. 
  • Dineout:- It is India's leading dining out and restaurant tech solutions platform that serves millions of diners across its network of 500,000 restaurants in 20 cities.
  • Genie:- It is a logistic service that allows one to deliver or receive anything such as lunch boxes, documents, laundry, items for repair, shoes, stationary, and other materials from one location to another from anywhere in the city.
  •  Swiggy Band works:- With Swiggy Band works, restaurant partners can create different intriguing ideas out of a single kitchen, giving customers refreshing new experiences and menus with each 'virtual kitchen'. Swiggy helps with menu creation including portioning and pricing, go-to-market strategy, marketing, and financial aspects. The brands on the other hand take care of the food and packaging as they operate out of their existing dine-in facilities.   

Founded in July 2013, in Bangalore, by its parent Bundl Technologies, Swiggy today has more than 1.5 lakh Restaurant Partners Countrywide and more than 2.6 lakh delivery executives on its platform.


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  • Swiggy IPO Details

The IPO of Swiggy is likely to come by the end of FY23. 

  • Swiggy Merger & Acquisition

Acquisition

  • On May 2022, Swiggy acquired Dineout for Rs.1511 Cr. Dineout is India's leading dining out and restaurant tech platform.
  • On November 2021, Swiggy acquired Shandaar Foods Private Limited (SFPL) for Rs 22.1 Cr. SFPL is engaged in manufacturing food products and operates several centralized cloud kitchens across Hyderabad and Bengaluru.  
  • In 2018, Swiggy Acquires SuprDaily. SuprDaily is a small milk delivery start-up in Mumbai. The deal happened in an all-cash deal for an undisclosed amount.
  • On Dec 2017, 48East-Internet-first restaurants offering Asian cuisine
  • Kint-Platform to create animated videos

Investments

  • Roppen Transportation Services Private Limited (RTSPL):- In 2021, the company subscribed for 1,99,948 Series D CCPS shares of RTSPL with a face value of Rs 10 each, for a consideration of Rs 950.5 Cr. RTSPL is engaged in providing services as an on-demand technology-based transport aggregator for two-wheelers and three-wheeler vehicles and operates through the mobile application "Rapido". 
  • UrbanPiper- Platform offering software solutions to manage online ordering for food businesses
  • Swiggy invested $700.0 mn in Instamart which is a Grocery pickup and delivery solution provider
  • Swiggy invested Rs. 31.0 Cr in Fingerlix provides an on-demand semi-cooked food delivery application
  • On February 22, 2019, the Company acquired 27.0% of the shareholding in Maverix Platforms Private Limited, for a total consideration of Rs.312.0 mn.

  • Swiggy Subsidiaries

  • Scootsy Logistics Private Limited
  • SUPR INFOTECH SOLUTIONS PRIVATE LIMITED

Swiggy Business Model

  • Scootsy Logistics Private Limited develops application software. The Company offers a platform for the delivery of food, gifts, cakes, clothes, and other products. Scootsy Logistics serves clients in India. Some of the onboarded restaurants in this segment include Yauatcha & Hakkasan of KA Hospitality, The Table, Masque, Royal China, and Four Seasons Hotel along with gourmet stores such as FoodHall.
  • Suprdaily delivers daily needs like milk, bread, and other items on a pre-subscription model basis.

  • Swiggy Revenue Segmentation

  • Sales of food
  • Sale of Traded Goods
  • Platform Service
  • Other Operating Income

  • Swiggy Product & Services

1. Swiggy Food

2. Instamart

3. Dineout

4. Genie

5. Swiggy Bandworks 

  • Swiggy Assets

Assets (FY22)Value (In Rs Cr.)
Cash & Cash Equivalents1096.1
Trade Receivables

1111.9

Current Investments9068.0
Other Current Financial Assets832.2

  • Swiggy Industry Overview

Industry Statistics

Overview of Industry - Food Service: -

Food service is a large industry that deals with preparing and serving food outside the home. The revolution in the industry started building a whole ecosystem of integrated players, delivery providers being one of them which are dependent on the Food Service Industry. The food services market can be broken down into three broad segments: unorganized organized standalone and organized chain.

  • Unorganized Segment:- It includes roadside eateries and dhabhas which have been the most common eating-out option
  • Organized Standalone:- Standalone restaurants across all formats with less than 3 outlets.
  • Organized Chain:-Chain format which has 3 or more outlets across all formats.

Food delivery players cater to all the three segments

Market Size & Growth of Food Service:-

The size of the food services market in India is estimated at Rs 4,236.0 bn in FY20 and is projected to grow at a CAGR of 10.5% over the next 5 years to reach ₹6,753.0 bn by FY2024.

Food Service Market Size (in Rs bn):-

Food Services Market Share (Segment Wise)

Format
Market Share (Fiscal 2014)

Market Share (Fiscal 2019)

Market Share (Fiscal 2024)
Unorganized Market
69.0%
62.0%
50.0%
Organized Standalone
23.0%
27.0%
34.0%
Organized Chain
5.0%
8.0%
13.0%

Platform-to-Consumer Delivery market:-

The Platform-to-Consumer Delivery market segment focuses on online delivery services that provide customers with meals from partner restaurants that do not necessarily have to offer food delivery themselves. In this case, the platform (e.g. Swiggy) handles the delivery process.

The rise of food delivery providers:-

  • The concept of delivering food to private households or workplaces is not new to India. In fact, the famous Dabbawalas of Mumbai started their  business in 1890.
  • Online platforms offering a wide range of delivery services came up between 2012 and 2014.
  • Over the years, Zomato from Gurugram and Bengaluru-based Swiggy emerged as the two biggest players by attracting major funding deals and acquiring competitors.
Segments of food delivery providers:-
The online food delivery segment in India operates mainly under two business models:
  • Restaurant food through consumer delivery, in which meals are ordered online through a restaurant website and delivered directly by the restaurant without any intermediaries (e.g., McDonald's, Domino's Pizza, Burger King).
  • Consumer delivery platform where the meals are booked online through a third-party network that handles delivery independently of the restaurant (e.g., Zomato, Swiggy).

Market Size of Food Delivery Providers:-The online food delivery market was valued at over $10.2 bn in FY20 over 4.7 bn in FY16 growing at a CAGR of 21.0%.

Key Trends of Platform-to-Consumer Delivery market :-The online food delivery market was valued at over $10.2 bn in FY20 over 4.7 bn in FY16 growing at a CAGR of 21.0%. 
• Increasing eating out behavior
Age GroupEating-out Frequency/MonthOrdering-in Frequency/MonthAverage Spend per Outing (INR)Average Spend per Order (INR)
15-24 yrs.2.30.9230124
25-34 yrs.1.90.7225118

>35 yrs.


1.50.3303107
Source:- Technopak research and analysis
  • Discounts offered in food combos, meals and other offers:- Indian consumers, though willing to spend more and more on experiential eating, are cost-conscious and look at value for money concepts, or for cost efficient functions when ordering-in. Discount offered on the digital platforms attracts a lot of people to order food through the platforms of Swiggy and Zomato.
  • Change in household habits:- Restaurant partners provide use and throw cutlery along with packed food. Changing habits of Millennials to wash the dishes and busy lifestyle provides a push to order food from outside.
  • Conscious indulgence:- Indulgence is not only limited to eating-out but is picking up for dining in as well. With delivery aggregators such as Zomato and Swiggy having multiple formats and brands associated with them, provide the consumer options to choose from. 
  • Key Cuisines Offered across Food Services Segments:- The Indian diner is also becoming more experimental in his approach to food and is open to any and all options that deliver a great dining experience and value for money. This trend can be witnessed by the growth in market share of certain cuisines in the food services segment.
  • Growth in Online Ordering:-
% in value201620172018201920202021
Offline96.197.295.793.790.389.3
Online1.92.84.36.39.710.7

Key Drivers of Platform-to-Consumer Delivery Market: -

  • Young Population
CountryIndiaChinaUSASingapore
Median Age (years)27.937.438.134.6
  • Increase in number of online shoppers:- Recent data on number of online shoppers suggests that 120.0 mn to 150.0 mn people are active online shoppers which is just 23.0% of the total population.
  • India's Household final consumption Expenditure (US$ bn):-


Competitive Landscape:-

Zomato

Market Share:-

Zomato holds a market share of ~55.0% in food delivery market


Future Prospects

  • The share of food services in Indian GDP is expected to increase to 2.4% by FY24 from 2.2% in  FY2021 on account of its growth at a faster pace compared to GDP growth.
  • Growth of the food services market is expected to outpace its growth till now i.e. from 8.0% (FY19) to 10.5% (FY2024).

Government Initiatives

  • Government push towards digital economy:- Recently Prime Minister of India PM dedicates 75 Digital Banking Units across 75 districts to the nation
  • The Reserve Bank of India (RBI) indicated that it will soon commence limited pilot launches of the e-rupee, or Central Bank Digital Currency (CBDC) or digital rupee, for specific use cases.

Swiggy Awards & Achievements

  • Best High-Value Start-up 2022
  • Winner at the 11th Annual Aegis Graham Bell award for Innovation 2021
  • Swiggy wins Startup of the Year at Economic Times (ET) Startup Awards 2017

Swiggy Strengths

  • Strong network across the country. Has a presence in 500+ cities.
  • Widespread and efficient on-demand hyperlocal delivery network. Has 260000+ delivery executives.
  • Very well-diversified business across food delivery, grocery delivery, logistic service, Dineout, and Bandworks 
  • Integrated platform with all the services under one application  
  • Experienced promoters. Promoters are associated with the company since its inception  

Swiggy Shortcomings

  • Promoter has a very low shareholding of about 6.7%.
  • Swiggy has a platform-based business that is a less capital-intensive business and hence easy to replicate.
  • Follows a discount-based model to attract customers to use its services.
  • Company has been consistently making losses since it started its operations (FY15)

Swiggy Opportunities

  • Food consumption, Rs 46.9 tn constitutes around a quarter of India’s Gross Domestic Product (GDP). Most of this though is driven by home-cooked food. Huge market to cater
  • Food Services, defined as non-home-cooked food or restaurant food currently contribute only approximately 10.0% to the food market which is low compared to China's 58.0% and USA's 54.0%
  • The ratio of Online Food Delivery Users to Access to the internet is just 9.0% compared to China 36.0% and USA 50.0%

Swiggy Threats

  • Competition from players like Zomato and Rebel Foods
  • Quick Service Restaurants (QSR) like Domino, McDonald's, and Pizza Hut are integrating delivery services with their product-based business 
Swiggy Rating

  • RECOMMENDATION

    Sell

  • Swiggy Detail Info

Industry Statistics

PRIVATE LIMITED

Registered In

India

last Updated

23/01/2023

Registered Date

26/12/2013

Planify Ticker

Swiggy

Reg Office: No.55 Sy No.8-14, Ground Floor, I&J Block, Embassy , Tech Village, Outer Ring Road, Devarbisanahalli , Bengaluru , KARNATAKA , INDIA - 560103

Visit Website

Last Chance

Nov. 30, 2022

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Swiggy

₹389.00

Raised from investors

Quantity

INVEST

Investment Coming Soon