Is Swiggy Listed In Stock Market? Funding, IPO, and Acquisitions!
Our go-to app for placing food orders is Swiggy, but many people are cautious about making an investment in it. Is Swiggy Listed In Stock Market? is one of the questions we hope to address in this article.
With billions of dollars invested in businesses that can serve your favourite biryani in 20 minutes, food delivery platforms have completely transformed the food industry in India. The estimated revenue from online food deliveries in India is $12.14 billion in 2022 and is projected to rise to $20.26 billion in 2027. Before the new firms entered the meal delivery market, Swiggy and Zomato had already made names for themselves.
Meal from restaurants is delivered by the food delivery firm Swiggy to consumers' homes, places of employment, or colleges. The company was established in Bengaluru, India, in 2014. No matter what kind of food or beverage they serve, the app lists every neighbourhood eatery. Orders are placed by customers via the app. Let's look at the company's operations before we respond to the query Is Swiggy Listed In Stock Market.
How is Swiggy growing its company?
In its history, Swiggy has purchased five businesses; the most recent, Dine Out, costing $200 million, was the most recent acquisition.
Swiggy has purchased five businesses over the years: Dineout, Kint, Supr Daily, Scootsy, and 48East.
According to Crunchbase, 40 investors have contributed to Swiggy's funding, including 14 lead investors.
According to EquityZen, venture capital companies like Wellington Management, Tencent Holdings, Samsung Ventures, Accel, Norwest Venture Partners, and SAIF Partners have contributed to the billion-dollar startup.
What amount has Swiggy raised?
The business is well capitalised, with funding totaling up to $3.6 billion thus far.
The most recent acquisition by Swiggy with this finance was Dineout in 2022 for a price of $ 200 million.
With the most recent Softbank round raising 700 million dollars for the company, Swiggy is valued at $10.7 billion. This increased its valuation from $5.5 billion a year ago by a factor of two.
Now to address the query,
Is Swiggy a publicly traded company?
Not yet, is the answer. If a company's common stock is traded on the Bombay Stock Exchange or the National Stock Exchange, it is deemed to be publicly listed in India.
In addition to public markets, some Pre-IPO companies trade there as well. On websites like Altius Investech, Unlistedzone.com, etc., you can look for the share prices of unlisted firms.
Zomato, the primary rival of Swiggy, is traded on the NSE and BSE. Four years prior to Swiggy, it was incorporated in 2010. Zomato went public in July 2021 at a price between $72 and $76 per share, opening at a premium of $126. Since the company's IPO, its share price has been steadily declining. 90 percent of the Indian market for food delivery is controlled by Swiggy and Zomato combined.