Swiggy Ltd
About
Swiggy is an Indian online food ordering and delivery company under the leadership of Sriharsha Majety, Nandan Reddy and Rahul Jaimini. Established in 2014, Swiggy is based in Bangalore and operates in over 580 Indian cities. Besides food delivery, the platform also provides quick commerce services under Swiggy Instamart and same-day package deliveries with Swiggy Genie. Swiggy also has its cloud kitchen chain called "The Bowl Company" and a kitchen incubator business called Swiggy Access. Initially, it was designed as an e-commerce website called Bundl, a courier service. However, it was soon rebranded in August 2014 to enter the food delivery market. In 2024, Swiggy converted itself into a public limited company. One of the most notable acquisitions of Swiggy was Dineout, a dining and table reservation platform in 2022.
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Financial Data 2024
Fortune India Coverage
Financial Data
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (INR Cr) | 11646 33.8% | 8708 42.1% | 6127 129.5% | 2670 -25.0% | 3561 175.6% | 1292 1345.0% | 89 - | 1 -95.2% | 24 - | 0 - | 0 - |
| Net Operating Income (INR Cr) | 11247 36.09% | 8265 44.87% | 5705 123.99% | 2547 0.00% | 3288 193.08% | 1122 153.78% | 442 232.16% | 133 560.72% | 20 - | 0 0.00% | 0 0.00% |
| Profit (INR Cr) | -2350 - | -4179 - | -3629 - | -1617 - | -3769 - | -2346 - | -397 - | -205 - | -137 - | -2 - | 0 - |
| Assets (INR Cr) | 8724 -10.4% | 9732 -24.1% | 12821 473.1% | 2237 -43.1% | 3931 -31.7% | 5754 527.4% | 917 373.8% | 194 -3.9% | 201 4959.3% | 4 - | 0 - |
| Net Worth (INR Cr) | -7782 -19.6% | -6506 -97.4% | -3296 -289.8% | 1737 0.0% | 3135 -45.4% | 5740 539.0% | 898 536.8% | 141 -29.6% | 200 - | 4 - | 0 0.0% |
| Employee Cost (INR Cr) | 2012 -5.5% | 2130 24.7% | 1708 57.4% | 1085 -6.2% | 1157 115.3% | 537 181.6% | 191 112.3% | 90 67.9% | 54 4146.8% | 1 - | 0 - |
| Interest Cost (INR Cr) | 71 | 58 | 48 | 75 | 82 | 5 | 6 | 2 | 0 | 0 | 0 |
| Cash & Bank Balance (INR Cr) | 891 | 864 | 1104 | 703 | 559 | 281 | 120 | 26 | 4 | 3 | 0 |
| Total Debt (INR Cr) | 864 | 600 | 508 | 92 | 89 | 0 | 14 | 50 | 0 | 0 | 0 |
Key Financial Ratios
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Profit As % Of Revenues | - | - | - | - | - | - | - | - | - | - | - |
| Profit As % Of Assets | - | - | - | - | - | - | - | - | - | - | - |
| Profit As % Of Networth | - | - | - | - | - | - | - | - | - | - | - |
| Interest Cost to EBITDA % | - | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity Ratio | - | - | - | 0.05 | 0.03 | - | 0.02 | 0.35 | - | 0.03 | - |
| RONW | - | - | - | - | - | - | - | - | - | - | - |
| ROCE | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |