Swiggy Unlisted Share Prices
Swiggy Ltd EQ
INE00H001014
Listing Status: DRHP Filed
About Swiggy Unlisted Share Prices
Overview of Swiggy Unlisted Share Prices
Swiggy, established in 2014 in Bangalore, has emerged as a leading player in India's food delivery landscape. It made history by becoming the quickest Indian startup to attain unicorn status, showcasing its immense growth potential. Operating across 500+ cities nationwide, Swiggy has collaborations with a vast network of over 150,000 restaurant partners, offering customers an extensive array of culinary choices. To facilitate seamless and prompt deliveries, Swiggy boasts a sizable fleet of more than 260,000 delivery personnel, underscoring its commitment to efficiency and customer satisfaction.
Founders
- Sriharsha Majety
- Nandan Reddy
- Rahul Jaimini
Services Offered
- Food Delivery: Swiggy operates as an aggregator between the customer and the restaurant and delivers the food through it’s fleet within 30-40minutes.
- Quick Commerce: Swiggy Instamart provides quick grocery delivery service to customers' doorsteps in under an hour.
- Hyperlocal Delivery: Swiggy offers pickup and delivery service of wide range of products under the name Swiggy Genie.
- Table Reservation: Swiggy Dineout allows users to discover restaurants,
view menu and reserve tables for dining out.
With recent integration of dineout with the food delivery app will allow swiggy to carter a large user base unlike earlier where it was only accessible to Swiggy One members.
Swiggy Funding Details
Year | Funding Round | Amount Raised | Valuation |
2015 | Series A | $3 M | $4 M |
Series B | $16.5 M | $50 M | |
2016 | Series C | $42 M | $275 M |
Series D | $15 M | $240 M | |
2017 | Series E | $80 M | $399 M |
2018 | Series F | $101M | $739M |
Series G | $210M | $1.3B | |
Series H | $1B | $3.2B | |
2020 | Series I | $158M | $3.6B |
2021 | Series J | $1.3B | $5.5B |
2022 | Series K | $700M | $10.7B |
Journey of Swiggy
2014: Swiggy initiated it’s operation in the food delivery market and received 35 orders in the first month.
2015: Received first funding of $2 million.
Expanded it’s operation from Bangalore to eight tier 1 cities.
2017: Swiggy launched in the cloud kitchen chain The Bowl Company.
Launch Swiggy Access, a network of ready to occupy kitchen for its restaurant partners.
2019: Swiggy expanded to 500 cities from 100 cities in just one year.
Swiggy access reached a landmark of 1000 operational kitchens.
Swiggy’s entry into general product delivery service by launching Swiggy Stores.
Entry in the pick up and drop services by launching Swiggy Go.
2020: Swiggy go got rebranded as Swiggy Genie. Swiggy launched Swiggy Instamart, it’s grocery delivery services and that marked the end of Swiggy Stores.
2023: Swiggy sold its Swiggy Access kitchens to Kitchens@.
Swiggy Business Model
A hyperlocal on-demand food delivery service is the foundation of Swiggy's business model. With its cutting-edge technological platform, Swiggy functions as a single point of contact, bridging the gap between patrons and restaurants.
Swiggy Revenue Model
- Delivery charges - The first type of revenue stream Swiggy obtained is from its customers. A nominal delivery fee of Rs. 20 to Rs. 40 is charged from customers on orders below a threshold value of Rs. 250.
- Commissions - Swiggy's major part of the revenue comes from commissions. It collects commissions of 15% to 25% on every order placed from Swiggy’s website from restaurants.
- Advertising - Swiggy earns advertising revenue from Banner Promotions and Priority listing of restaurants.
- Swiggy One - Swiggy has launched a membership program called ‘Swiggy One’ for customers, where they provide ultimate benefit for all of their services.
- Swiggy Genie - Another revenue stream for Swiggy is the service Swiggy Genie offers instant pick & drop service.
Insights of Swiggy Unlisted Share Prices
Swiggy has such a large volume of convertible securities that determining the exact number of equity shares is quite challenging. According to market news and information from various sources, including recent investments by the Amitabh Bachchan family office and by Madhuri Dixit at a rate of ₹345 per share, Swiggy's market capitalization is estimated to be approximately ₹76,000 crores based on the valuation, as reported by Moneycontrol. This information is based on our best efforts and may be subject to some deviations.
Swiggy Equity & Swiggy Ccps
ZOMATO VS SWIGGY
Financial Insights
Swiggy’s customer base includes a lot of office goers, during covid, the work from home policy initally impacted swiggy’s sales majorly as the lunch orders started to fall which account for ~35% of total orders.
In recent year swiggy witnessed resurgance in sales, FY23 posted a robust sales growth of ~42%. An increased focus on marketing imapcted the sales positively as the comapny earned Rs. 3.5/rupee spent on advertisement comapre to prevoius years 3.08.
Swiggy had arouun 24 million monthly actice users (MAU) comapre to Zomato’s 30 million. Despite of lower MAU swiggy posted higher revenue beacuse of larger base of frequent user base.
Swiggy;s increasing EBITDA loss is primarily due to investments in scaling up Instamart which they build up from the scratch.
In FY23 swiggy’s outstanding losses has reached to Rs. 27,000 cr.
Particulars | FY21 | FY22 | FY23 |
Revenue | 2546.9 | 5704.9 | 8264.6 |
EBITDA | -1298.7 | -3651.1 | -4275.8 |
EBIT | -1390.6 | -3406.3 | -4111.7 |
PBT | -1463.5 | -3454.7 | -4169.9 |
PAT | -1611.6 | -3627.9 | -4179.2 |
Financial Result 9M of FY24
During the
first nine months of FY24, Swiggy’s revenue from operations was Rs 5,476, Swiggy’s
gross order value (GOV) stood at Rs 24,230 crore, with food delivery comprising
a substantial 76.2%, . The remaining GOV is
attributed to Instamart.
Swiggy had an EBITDA loss of Rs 88 crore in food delivery during this, registering a marked improvement from Rs 1,008 crore in FY23.
The company has turned EBITDA positive in January this with Rs 40 crore.
Instamart , In April-December 2023, saw an EBITDA loss of over Rs 1,040 crore on revenues of Rs 950 crore.
Food delivery forms 81% of Swiggy’s income and quick commerce 17%. Dineout (table reservation and billing) contributes the rest.
Swiggy’s cost-cutting measures and IPO preparations have been evident. In January, reports states that Swiggy was planning to lay off 6% of their workforce to trim expenses.
Swiggy Shareholding Pattern
Industry Overview
The market players began entering the Indian foodtech industry back in 2006, with “JustEat” and “FoodieBay”. Furthermore, companies like Foodpanda, TinyOwl, Swiggy and Uber Eats entered the market over the time period. But successful exits from the market has resulted in only two players, Swiggy and Zomato sustaining in the market. With a market size of ~15,000 cr. online food delivery industry in India is expected to grow at an annual growth rate (CAGR 2024-2029) of 16.14%.
Currently Tier 2 & 3 cities are driving growth with 45% orders with 3x faster growth Tier 1 metro cities like Bangalore and Delhi-NCR contribute the highest GMV currently.
Driving Factors :
- Rise in the population of the younger population with higher disposable income.
- Increase in participation of women in the workforce.
- The rise of dual-income families, particularly in urban India
- · Increasing demand for quick access to food at reasonable price due to a lack of time and an increasing desire to spend quality time together,
Peer Comparison
Particulars | Swiggy | Zomato |
Revenue | 8715 | 7760 |
EBITDA | -4275 | -1211 |
PAT | -4179.2 | -971 |
P/B | 12.1 | 21.71 |
P/S | 13.26 | 8.02 |
Current Valuation | $12.1B | $17B |
IPO Bound
Swiggy will file papers for IPO by May and ultimately go IPO around the festive season. The company will seek valuation in the range of $12-15 billion. To learn more about Swiggy, read our in-depth blog .
Opportunity to buy CCPS
- Minimum ticket size: Rs. 5.58 lakh I.e. equivalent to 1 ccps unit.
- Conversion Ratio: Each CCPS shall be convertible into 1,401 Equity Shares.
Financial Charts of Swiggy Unlisted Share Prices
Balance Sheet of Swiggy Unlisted Share Prices
Profit and Loss of Swiggy Unlisted Share Prices
Ancillary of Swiggy Unlisted Share Prices
Ratio Analysis
Peers
Industry Benchmarking
Segment Revenue
Subsidaries
Security Allotment
Corporate Governance
Team Management Details
FAQs of Swiggy Unlisted Share Prices
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How to buy Swiggy Ltd?
Below are three ways through which you can purchase Swiggy Ltd:
- We at Altius Investech have many actively traded scripts and are market makers of unlisted shares. To check out all the unlisted shares traded. (Click on link). To submit a request to buy Swiggy Ltd, please click on the trade button at the top of this page
- Additionally, you can download our app from your play store or app store, register on our application, and engage in active trading there.
Download the Altius App here https://onelink.to/hf4m72 - You can also reach out to us at : +91 8240614850 / +91 8240861716
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How to sell Swiggy Ltd?
Below are three ways through which you can sell Swiggy Ltd:
- We at Altius Investech have many actively traded scripts and are market makers of unlisted shares. To check out all the unlisted shares traded. (Click on link). To submit a request to sell Swiggy Ltd, please click on the trade button at the top of this page
- Additionally, you can download our app from your play store or app store, register on our application, and engage in active trading there.
Download the Altius App here https://onelink.to/hf4m72 - You can also reach out to us at : +91 8240614850 / +91 8240861716
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What is the price of Swiggy Ltd?
We provide a two way quote on all the shares we deal in. Your buy price for Swiggy Ltd is ₹415 and your sell price for Swiggy Ltd is ₹355. The price is based on our estimates and market conditions.
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What is the lock-in period of Swiggy Ltd?
The lock-in period for Swiggy Ltd varies depending on the category of investors:
- For retail Investors, HNIs, or Body Corporates, the lock-in period is 6 months from the date of the listing of Swiggy Ltd
- For Venture Capital Funds or Foreign Venture Capital Investors, there is a lock-in period of 6 months from the date of acquisition of Swiggy Ltd
- For AIF-II (Alternative Investment Funds - Category II), there is no lock-in period
August 2021 saw the introduction of this regulation by SEBI. The purpose of the regulation change, which lowered the lock-in period from a year to six months, was to incentivize additional investments in firms getting ready for initial public offerings, or IPOs. Since its introduction, a number of Portfolio Management Services (PMS) have advised their clients to purchase Pre-IPO shares in order to take advantage of the advantages associated with early-stage investments. This reduction in the lock-in period is considered as a significant step forward.
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How is the Swiggy Ltd price calculated?
Fundamental & Comparative valuation models and the forces of demand and supply in the market for unlisted shares dictate the price. These prices are based on our estimates and transaction history of Swiggy Ltd. The price is also determined from the most recent funding round for Swiggy Ltd. This provides us with a benchmark valuation, offering a clear indication of the company's current market value as perceived by investors and industry experts.
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What are the lot sizes of Swiggy Ltd?
We can generally arrange lot sizes starting with an investment of INR 20,000. To confirm the lot sizes of Swiggy Ltd with us kindly click here.
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What are the financials of Swiggy Ltd?
The financials of Swiggy Ltd which includes the P/L of Swiggy Ltd and the Balance Sheet of Swiggy Ltd is in the financials section (Click on link).
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Where can I find the annual report of Swiggy Ltd?
The annual report of Swiggy Ltd is available in the annual report section (Click on link).
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Is buying Swiggy Ltd legal in India?
Yes, buying and selling unlisted shares in India is indeed 100% legal. This activity is regulated and governed under the guidelines provided by the Securities and Exchange Board of India (SEBI). Investors and traders must adhere to these regulations and guidelines to ensure compliance with legal and financial standards. It's important for participants in the unlisted share market to be aware of and understand these regulations to engage in transactions legally and securely.
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Short-term Capital Gain taxes to be paid on Swiggy Ltd?
When you sell unlisted shares within a period of two years from the date of acquisition, any profit earned from the sale is classified as Short-term Capital Gain (STCG). This gain is then added to your total income for that financial year. The tax on this short-term capital gain is calculated based on your applicable individual income tax slab rates. Therefore, the rate at which you will pay tax on the STCG from unlisted shares depends on your total income, including this gain, and the tax slab it falls under as per the prevailing income tax laws in India. It's important for investors to consider these tax implications when engaging in transactions involving unlisted shares.
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Long-term Capital Gain taxes to be paid on Swiggy Ltd and how are They Taxed?
Long-term Capital Gains (LTCG) on unlisted shares in India refer to the profits earned from the sale of unlisted shares that have been held for more than two years. The key aspects of LTCG on unlisted shares include:
- Tax Rate: LTCG on unlisted shares is taxed at a rate of 20%.
- Indexation Benefit: This is a significant advantage for investors. Indexation allows for adjusting the purchase price of the shares for inflation, which can reduce the taxable gain.
- Importance for Investors: Understanding LTCG is crucial, especially for High Net-worth Individuals (HNIs) and retail investors, as it impacts their investment strategy and tax planning. Knowing these details helps in making informed investment decisions.
- Calculation: LTCG is calculated by subtracting the indexed cost of acquisition (the purchase price adjusted for inflation) from the sale price of the shares. The profit thus calculated is subject to a 20% tax.
- Applicability: LTCG tax is applicable to profits from the sale of unlisted shares held for more than two years.
- Relevance: This tax is particularly relevant to investors in the unlisted share market, including those considering selling their holdings after a period of more than two years.
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Applicability of Taxes on Swiggy Ltd once it is listed?
When shares initially bought in the unlisted market become listed, the taxation rules change significantly if these shares are sold through a stock exchange. Here's what investors need to know:
Transition to Listed Market Tax Rates: Once unlisted shares are listed on the stock exchange and subsequently sold, the tax rates applicable to listed securities come into effect. This shift means that the favourable tax treatments for listed shares, as per the prevailing tax laws, will apply.
Taxation Based on Holding Period: The crucial factor in determining the type of capital gains tax (Long-term or Short-term) is the holding period of the shares. Importantly, this period is calculated from the original purchase date when the shares were unlisted.
Long-term vs. Short-term Capital Gains: If the shares are sold after being held for more than one year from the date of purchase (including the period when they were unlisted), they are subject to Long-term Capital Gains (LTCG) tax.
Conversely, if sold within one-year, Short-term Capital Gains (STCG) tax rates apply.
Significance for Investors: This information is vital for investors in the unlisted market, as it impacts their tax planning and decision-making process. Understanding these nuances ensures that investors can strategically plan the sale of their shares post-listing to optimize tax implications.
Advice for Investors: It's advisable for investors to keep a record of their purchase dates and monitor the listing dates closely. Additionally, staying updated with the latest tax regulations or consulting with a financial advisor is recommended for accurate tax calculations and compliance. -
How does Altius Investech source Swiggy Ltd?
At Altius Investech, our approach to sourcing Boat Unlisted Share (Imagine Marketing) involves a strategic and direct method. Primarily, we acquire these shares from the below key groups:
Employees of the Company: Employee stock option plans (ESOPs) or other compensation packages frequently include shares for firm employees. For a various reasons, such as including portfolio diversification or financial considerations, some of these employees may eventually choose to sell their shares. We engage with these employees, providing them a platform to sell their shares.
Initial Investors: These are the angel or early-stage investors who provided capital to the business in its early stages. These original investors may look to sell all or part of their ownership position in the company as it develops and flourishes. This might be done for various reasons such as in order to maximise their investment, reallocate resources, or make other calculated financial decisions.
Funding rounds and VC funds: Altius Investech sources the shares from private placement rounds in which private companies seek to obtain capital from the market. Through our platform, venture capital funds can liquidate their shares and we receive the inventory from them when they decide to sell a portion of their ownership through block trades.
By establishing connections with these groups, Altius Investech guarantees our clients a steady and dependable supply of Boat Unlisted Share (Imagine Marketing). This process not only makes it easier for employees and initial investors in liquidating their assets, but it also gives our clients access to shares that aren't often found on the open market. Our platform effectively facilitates a win-win situation for both buyers and sellers. -
How to trust Altius Investech before buying Swiggy Ltd from its platform?
Altius Investech stands at being India's fastest growing and leading marketplace for buying and selling unlisted shares. We believe in enabling access to alternative sources of investments at lower entry barriers to private equity investments.
With more than 25 years of experience, Altius Investech has carved a niche in the financial market by serving more than 8000 clients. The incredible journey is further highlighted by the vast number of transactions that Altius Investech has facilitated transactions that have already exceeded 300 crores.
For investors Altius Investech curates investment opportunities in companies at reasonable valuations which are on the verge of an IPO leading to massive value unlocking. Investments are backed by thorough research and sound investment thesis, with a time bound exit plan.
For ESOP Shareholder and existing Investors, we assist them to liquidate their shares even if they are not publicly traded by creating a platform where we find the right buyers and sellers for the best prices.
Altius Investech have been featured in top media news outlets like Economic Times, Financial Express, Money control. Check out about us on these - leading publications (Click on link) Our journey over these years has not just been about numbers; it's been about building trust and reliability.
We at Altius Investech are dedicated to upholding the greatest levels of ethics and transparency, making sure that your investment experience is not only profitable but also safe and reliable.
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