Swiggy
Financials
Estimates*
INR | 2017 | 2018 |
---|---|---|
Revenues | 13.3m | 44.2m |
% growth | - | 232 % |
Profit | (20.5m) | (39.7m) |
% profit margin | (154 %) | (90 %) |
Source: Dealroom estimates
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
$2.0m | Series A | ||
$16.5m | Series B | ||
$35.0m | Series C | ||
$7.0m | Series C | ||
$15.0m | Series D | ||
$5.0m | Debt | ||
$80.0m | Series E | ||
* | $100m | Series F | |
* | $210m Valuation: $1.3b 7197.5x EV/LTM Revenues | Series G | |
$1.0b Valuation: $3.3b 18270.7x EV/LTM Revenues | Series H | ||
* | $113m Valuation: $3.6b | SERIES I | |
$800m Valuation: $5.0b | Late VC | ||
$1.3b Valuation: $5.5b | Late VC | ||
* | $700m Valuation: $10.7b | Late VC | |
N/A | - | ||
* | N/A | N/A | Secondary |
Total Funding | $4.3b |
Recent News about Swiggy
EditSwiggy is a leading food delivery platform in India, connecting customers with a wide range of local restaurants and eateries. Operating in major cities such as Hyderabad, Bangalore, Mumbai, Delhi, Gurgaon, Kolkata, Pune, Chennai, Ahmedabad, Chandigarh, and Jaipur, Swiggy serves a diverse clientele ranging from busy professionals to families seeking convenient meal options. The company leverages a robust network of Pick up and Delivery Partners (PDPs) who ensure timely and efficient delivery of orders.
Swiggy's business model is based on a commission structure, where it earns a percentage of each transaction made through its platform. Additionally, it offers subscription services like Swiggy Super, which provides benefits such as free deliveries and exclusive discounts. The company also generates revenue through advertising and promotional partnerships with restaurants.
Swiggy's market is highly competitive, with key players like Zomato and Uber Eats. However, Swiggy differentiates itself through its focus on customer experience, offering features such as real-time order tracking, multiple payment options, and 24/7 customer support. The company also invests heavily in technology and logistics to optimize delivery times and expand its service offerings.
Keywords: food delivery, local restaurants, India, Pick up and Delivery Partners, commission structure, subscription services, customer experience, real-time tracking, competitive market, technology investment.