4 Biggest Hurdles in Swiggy's IPO Journey


This is still a big question looming around Swiggy even though reports suggest that Swiggy is expected to report INR 10000 Cr in revenue in FY24.

Rival Zomato's  Positive Financials

Zomato is on a course to report a profitable FY24, with which, Swiggy will have to report more than just shaved losses to hold ground. Zepto claims to be on pace to achieve $1.2 Bn in annual sales in FY24.

Blinkit & Zepto Take The Market Share

In March 2022, Swiggy Instamart held 52% of market share in Quick Commerce, which is now reduced to 32%. Zomato’s Blinkit & Zepto hold 40% & 28% market share now, respectively.

Rising Competition

Swiggy will have to face a lot of potential competition from Tata-owned BigBasket, who has also started ramping up Quick Commerce services and new entrant, Flipkart.

Swiggy IPO Out For Delivery