Swiggy competes with other players in its core business segments of food delivery, out-of-home consumption and quick commerce.
In the food delivery industry, Swiggy competes with other online food delivery platforms, including Zomato, as well as quick service restaurant (QSR) chains offering their own delivery services. Additionally, standalone restaurant brands and restaurants with in-house delivery capabilities are challenging Swiggy’s market share.
In the out-of-home consumption segment, Swiggy competes with platforms facilitating restaurant reservations, such as Zomato and Eazydiner. This sector includes services aimed at consumers who prefer to dine out but seek the convenience of reservations, highlighting competition in areas beyond simple delivery.
In the fast commerce space, Swiggy’s main competitors include e-commerce and online grocery platforms such as Blinkit (owned by Zomato), Zepto and Big Basket’s BB Now. These platforms, along with organized and unorganized offline retail stores, compete with Swiggy’s instant delivery service, which focuses on providing groceries and essential items to people quickly. consumers.
This information on Swiggy’s competitive landscape in India comes from the RedSeer report via the food delivery platform’s offering document.
Anchor investors inject ₹5,086 cr
Ahead of the IPO, the food delivery platform raised ₹5,085 crore from key investors by allocating 13.04 crore shares to 151 funds at ₹390.
The IPO is targeting ₹11,327.43 crore through a combination of a fresh issue worth ₹4,499 crore and an offer for sale of 17.51 crore shares worth ₹6,828.43 crore.
Investors selling into OFS included Accel India IV (Mauritius) Ltd, Apoletto Asia Ltd, Alpha Wave Ventures, LP, Coatue PE Asia XI LLC, DST EuroAsia V BV, Elevation Capital V Ltd, Inspired Elite Investments Ltd, MIH India Food Holdings BV. , Norwest Venture Partners VII-A Mauritius and Tencent Cloud Europe BV.
THE Swiggy IPO had been subscribed so far by 34 percent, or 0.34 times, on the second day. Opening of the IPO Wednesday but we saw a moderate reaction from investors, with a 12 percent subscription. The IPO closes on November 8.
(This article was generated using AI and was reviewed by a journalist)
