Swiggy Unlisted Share Price

About Swiggy
 

Swiggy, one of India’s leading food delivery platforms, has transformed the way people order and enjoy their favorite meals. Launched in 2014, Swiggy quickly rose to prominence by offering a seamless and user-friendly experience, connecting customers with a vast array of restaurants. Today, Swiggy is synonymous with convenience, variety, and efficiency in the food delivery industry.
 

Founders and History

Swiggy was founded by Sriharsha Majety, Nandan Reddy, and Rahul Jaimini. The idea emerged from a desire to solve the inefficiencies in the hyperlocal delivery market. Starting with a small team in Bangalore, the company has grown exponentially, expanding its services across India. Swiggy’s journey began with just 35 orders in its first month and has since scaled to millions of orders daily.

Fundamentals

Swiggy operates in over 500 cities, making it a household name in India’s food delivery sector. With a network of hundreds of thousands of restaurants, Swiggy offers a diverse range of cuisines and dishes, ensuring that customers can find whatever they crave. The platform’s user-friendly app, real-time tracking, and reliable delivery service have set a new standard in the industry.

Swiggy's fundamental strength lies in its robust logistics network, advanced technology, and strong restaurant partnerships. These strengths extend beyond food delivery into other areas such as Swiggy Genie, Swiggy Instamart, and Swiggy Dineout. Swiggy Genie offers a versatile pick-up and drop service for various items, enhancing convenience for users. Swiggy Instamart caters to the growing demand for quick-commerce grocery delivery, providing a wide range of products with express delivery. Swiggy Dineout enriches the dining experience by facilitating restaurant discovery and reservations, making it easier for customers to explore and book dining options.

The company continuously innovates to enhance user experience and operational efficiency across all its services. Swiggy's financial health is supported by substantial funding from top-tier investors, enabling sustained growth and market expansion. This diversified approach not only strengthens Swiggy's market presence but also ensures resilience and adaptability in a dynamic industry landscape, positioning it as a leader in on-demand convenience services.

Products and Services of Swiggy

Swiggy Dineout

Swiggy Dineout is Swiggy's venture into the dining reservation and restaurant discovery segment. This service allows users to explore a wide range of dining options, make reservations, and enjoy exclusive offers and discounts at participating restaurants. With Swiggy Dineout, users can:

• Browse Restaurants: Discover dining places based on cuisine, location, ambiance, and customer reviews.
• Make Reservations: Book tables at their favorite restaurants conveniently through the app.
• Access Deals: Avail exclusive deals and discounts, enhancing the dining experience.
• Restaurant Discovery: Find new and popular restaurants, ensuring a diverse culinary journey.

Swiggy Genie

Swiggy Genie is a hyperlocal pick-up and drop service introduced to cater to a variety of delivery needs beyond food. This service enables users to send and receive items across town, making it a versatile solution for various logistical needs. Key features of Swiggy Genie include:

• Personal Courier: Users can send documents, packages, and other items to friends, family, or businesses.
• Convenient Delivery: Have items picked up from stores, pharmacies, or any location and delivered to your doorstep.
• Flexible Usage: Whether it’s forgotten keys, urgent packages, or grocery runs, Swiggy Genie handles diverse requirements with ease.
• Real-Time Tracking: Keep track of your deliveries in real-time through the Swiggy app.

Swiggy Instamart

Swiggy Instamart is Swiggy’s quick-commerce grocery delivery service, designed to provide customers with a seamless and fast grocery shopping experience. Launched in response to the growing demand for online grocery delivery, Instamart offers:

• Wide Range of Products: Access to a comprehensive selection of groceries, fresh produce, dairy products, snacks, and household essentials.
• Express Delivery: Promises delivery within minutes, making it a convenient option for last-minute needs and everyday shopping.
• Quality Assurance: Ensures high-quality products and maintains freshness through proper storage and handling.
• User-Friendly Interface: Easy-to-navigate app interface for a hassle-free shopping experience.

List of Acquisitions of Swiggy

Swiggy has made 5 acquisitions across sectors such as Food Tech - India, Consumer Digital - India, Food Tech and others.The company has spent over $7.3M for acquisitions.

source: Tracxn

Swiggy Board of Directors

source: Tracxn 

Swiggy’s Subsidiary Companies

Scootsy Logistics Private Limited

Supr Infotech Solutions Private Limited

Loyal Hospitality Private Limited
 

Swiggy IPO

Swiggy is witnessing an increase in its fair market value as it prepares for an initial public offering (IPO), expected to be filed in the second half of 2024. According to Entrackr, Swiggy reported revenue from operations of INR 5,476 crore and a loss of INR 1,600 crore in the first three quarters of FY24. By December 2023, Swiggy, India’s leading on-demand convenience platform, has been facilitating loans for its delivery partners since 2019. Over the past year, Swiggy has enabled the disbursement of loans totaling INR 102 crores, with INR 10.1 crores disbursed in November alone.

For the fiscal year ending March 2023, Swiggy's revenue from operations grew by 44.87% to INR 8,264.6 crore, up from INR 5,705 crore in FY 2022. At the same time, the company’s total expenditure increased by 34.6%, reaching INR 12,884 crore in FY 2023 from INR 9,574 crore in FY 2022.

In terms of valuation, Securities and Exchange Commission (SEC) filings show that Invesco valued Swiggy's shares at USD 3,305 as of January 31, 2023, down from USD 4,759 in October 2022. Additionally, Invesco reduced Swiggy’s overall valuation to USD 8.2 billion in April, down from USD 10.7 billion.

As Swiggy gears up for its IPO, these financial metrics and valuation adjustments will play a crucial role in determining the Swiggy share price.
 

Latest Shareholding of Swiggy

As of Aug 29, 2023's latest post-round ownership report, Founders hold 6.66% at a net worth of INR 5,180Cr.Funds own the majority of Swiggy's shares, accounting for 87.47%, while Founder hold 6.66%, Enterprise hold 0.51%, Angel hold 0.31% and Other Investors hold 0.00%.
 

source: Tracxn 

How to Buy Swiggy Unlisted Shares

Purchasing unlisted shares of Swiggy involves buying equity shares that are not traded on public stock exchanges. Interested investors typically go through private equity firms, venture capitalists, or specialized brokers dealing in unlisted shares. The process includes:

Identifying a Broker:

Find a broker who deals in unlisted shares.

Due Diligence:

Conduct thorough research and due diligence on the company’s financials and growth prospects.

Negotiating Terms:

Discuss and agree on the share price and transaction terms with the broker.

Legal Documentation:

Complete necessary legal and financial documentation.

Payment and Transfer:

Transfer funds and receive the share certificates or demat account credits.
 

Tax Implications
 

The tax treatment of unlisted shares differs from publicly traded shares:

Capital Gains Tax:

Profits from selling unlisted shares are subject to capital gains tax. If held for more than 24 months, gains are considered long-term and taxed at 20% with indexation benefits. Short-term gains (held for less than 24 months) are taxed as per the investor’s income tax slab.

Dividend Tax:

Dividends received from unlisted shares are taxed according to the investor’s applicable income tax slab.

Wealth Tax:

In some jurisdictions, unlisted shares may be subject to wealth tax, depending on the investor’s overall asset portfolio.

Investors should consult with tax professionals to understand the specific tax implications based on their individual circumstances and the latest tax laws.