No, Swiggy is not listed in the stock market or any stock exchange. Recently, Swiggy valuation rises to $10.7 billion after a $700 million fundraise. The latest capital infusion has nearly doubled Swiggy’s valuation to $10.7 billion making it a Decacorn. A company is called a unicorn when its valuation is $1 billion or more and a company is called Decacorn when its valuation is $10 billion or more. Now, Swiggy is a Decacorn as its valuation crosses the $10 billion mark.
Swiggy is now more valued than Zomato and the second most valuable startup after Byju’s.
About the company
With love and support from consumers, Swiggy expanded far and wide, first through the entire city of Bengaluru and then across the entire country. Today, Swiggy is the leading food ordering and delivery platform in India.
Two bright minds full of ambition Sriharsha Majety and Nandan Reddy come together. Alone came Rahul Jalmini, the missing puzzle piece, and then there were three. From the concept of serving ice cream, the idea switched to delivering happiness in the form of food. In 2014, with just 35 orders in the first month, Swiggy started growing bigger and bigger. In 2015 Seiggy received its first funding of 2 million, then the company never turned back and today Swiggy is one the leading food delivery companies in India.
Now, Swiggy has over 20 monthly users and does 1.5 million orders a day.
Also read: Tata Chemicals share price target 2022, 2025, 2030.
When will be Swiggy IPO
Swiggy CEO Sriharsha Majety about Swiggy IPO in an interview with moneycontrol told, ”To be sure, Swiggy doesn’t plan to list just yet. It has thought of an IPO, but there is no timeline, and no real action being taken on it right now”.
Softbank Group CEO Masayoshi Son About Swiggy IPO
”If Swiggy goes public, I believe that we will be able to see good returns from here too. That’s our expectation”. Softbank CEO Masayoshi Son said in an earnings presentation on August 10.
Swiggy IPO listing date?
Not yet been confirmed.
Frequently Asked Questions
Is Swiggy a listed company?
No, Swiggy is not yet listed in the stock market or stock exchanges. Although, Swiggy has plans to list in the stock market, but don’t know when.
Does Swiggy have an IPO?
Although Swiggy is not yet listed in the stock market, the company has plans to list in the stock market. Swiggy CEO Sriharsha Majety about Swiggy IPO in an interview with moneycontrol told, ”To be sure, Swiggy doesn’t plan to list just yet. It has thought of an IPO, but there is no timeline, and no real action being taken on it right now”.
What is the valuation of Swiggy?
After recent funding of $700 million, Swiggy is now valued at $10.7 billion. Swiggy is now more valued than Zomato and the second most valuable startup after Byju’s.
Is Swiggy making a profit?
No, Swiggy is not yet making any profit. Swiggy is still a loss-making company.