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Swiggy’s I...
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Swiggy’s IPO Decoded: Choppy Waters or High-Stake Battle

  • Swiggy has a unique multi-service business model which sets it apart from Zomato and Blinkit.
  • The Swiggy app offers various services like Instamart, Genie, and food delivery.
  • Swiggy's super app model allows them to reduce customer acquisition costs and increase user engagement and retention.
  • Swiggy's hub-and-spoke delivery model increases the efficiency of its operations and helps lower delivery costs.
  • Swiggy plans to raise ₹11,664 crores through its IPO, with ₹5,000 crores going towards marketing, acquisitions, technology, and cloud infrastructure.
  • EBITDA of Swiggy improved from -₹4,276 Crores in FY23 to -₹2,208 Crores in FY24.
  • Swiggy's return on net worth has improved from -46.15% to -30.16%.
  • Swiggy has recently faced an executive exodus, leading to concerns about leadership stability.
  • Swiggy's biggest concern is maintaining strong and stable leadership in a fast-growing market.
  • Investors should consider Swiggy's unique business model, improving finances, and leadership stability while deciding to invest in its IPO.

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