Company Financial Rusult In Crore

About The Company

Swiggy, founded in 2014 and headquartered in Bangalore, is India largest online food delivery service, operating across 580+ cities as of 2023. Known for its fast, reliable, and convenient delivery, Swiggy has revolutionized the food delivery industry in India, becoming the go-to platform for millions of users.

In addition to food delivery, Swiggy has been serving millions of customers with the further strength of various premium services, such as instant grocery delivery through Instamart and same-day package delivery across cities through Swiggy Genie. Such diversification helps Swiggy become a dominant player in the on-demand delivery space catering to the growing needs of urban consumers.

The company has very strongly established Swiggy as a go-to platform for on-demand delivery solutions in India with continuous innovation and service expansion.

As of June 30, 2024, Swiggy Instamart operated a large network of 557 Active Dark Stores across 32 cities in India and as of September 10, 2024, Instamart operated a network of 605 Active Dark Stores across 43 cities in India.As of June 30, 2024, the company employed 5,401 people.

Swiggy - Strength and Weakness

Strength

1. Swiggy achieved 42.4% revenue growth from FY 2022 to 2023.
2. Swiggy operates in over 500 cities across India effectively.
3. The company employs 48,000 staff and 200,000 delivery executives.

Weakness

1. Intense competition from Zomato, Zepto, and new market entrants.
2. Heavy reliance on revenue from the top 50 Indian cities.
3. Swiggy faces potential challenges with changing food delivery regulations.

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