<ul><li>Swiggy's revenue is at par with Zomato but the latter has generated profits for the past five quarters.</li><li>Swiggy relies on its food delivery business and quick commerce play, but trails behind Zomato in both.</li><li>Swiggy has had to tweak its discounts and cost structures to improve contribution margins.</li><li>Swiggy has increased its platform fees and generated more commissions from its restaurant partners to improve unit economics.</li><li>Swiggy Instamart has significantly reduced losses, but Blinkit on-boarded more restaurants last year.</li><li>Swiggy aims to leverage its one-app strategy to cross-sell all three verticals to its engaged user base.</li><li>Swiggy Bolt, a feature under the food delivery vertical aims to deliver food items in the same time as an Instamart order.</li><li>Swiggy's IPO will be the fourth largest on Indian stock exchanges.</li><li>Swiggy's leadership still needs to come out in the public limelight more than Zomato.</li><li>Swiggy is on an upward trajectory and is nearing profitability.</li></ul>

Is Swiggy’s Revenue Stack Ready For The IPO Test?

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