Swiggy Limited IPO
Swiggy Limited IPO Review
swiggy pre ipo Products and Services
are engaged in Swiggy is a new-age, first-generation technology company that
offers users an easy-to-use interface, accessible via an integrated app - a
selection of food (“ food delivery”), where they can browse groceries and
household items to make , order and pay (“Instamart”), and have their orders
delivered to their doorstep through their network with their carrier partners
to those who seek it. Use their platform to book restaurants (“Dineout”) and
organize events (“SteppinOut”) & offer pickup/delivery (“Genie”) and other
more local merchandise. profitable; they can be attached and perform)
movements. Being one of the first professional local shopping malls, Swiggy has
successfully pioneered the industry in India, launching food delivery in 2014
and instant shopping by 2020.
Swiggy Limited Products and Services
swiggy
appliances private limited further the value proposition for users through a
membership program called “Swiggy One” that offers discounts and offers; For
additional benefits, the digital wallet “Swiggy Money” (prepayment tool),
“Swiggy UPI”, and in-app payment solutions like Swiggy-HDFC Bank credit cards
that they have for restaurant partners, business partners. sell food and household
goods platforms) and provide comprehensive business efficiency solutions to
brand partners including their contract partners such as analytics-backed tools
to boost their online presence and consumption project fulfillment services to
streamline their supply chain operations and last mile deliveries.
swiggy
ltd india have an innovative approach, based on identifying and addressing
users’ sensitive needs, thereby increasing the frequency of interaction with
them on their platform. They provide insights from connectivity on their
ultra-local platform through their user network, and their experience in food
delivery and instant commerce.
Financial Overview
The company develops emerging e-commerce and food delivery technology applications. It grew its top line steadily over the reported period, but consistently posted losses. Based on financial performance, the IPO is having a negative P/E and a strong valuation based on other metrics. The management is confident of making its operations profitable over the next few years with the plan in place and hopes to use the proceeds from the IPO to scale up the overall offering. Those in the know/excess cash/risk seekers can set up the right amount for the long term.
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