AC Agarwal’s Post

Swiggy's Milestone Achievement: ₹11,247 Crore Revenue in FY24 Exciting news from the food delivery and quick-commerce sector! Swiggy has recorded a 36% jump in its operating revenue, reaching an impressive ₹11,247 crore in FY24. This growth underscores the rapid expansion of the online delivery market in India and Swiggy's ability to innovate and stay competitive. Key Highlights: Food Delivery Growth: Swiggy's food delivery business saw a 17% rise, generating ₹6,100 crore. Quick-Commerce vertical: Instamart, Swiggy's quick-commerce vertical, contributed ₹1,100 crore gross revenue, marking a significant presence in this fast-growing space. Market Rivalry: The competition between Swiggy and Zomato remains fierce, with both platforms vying for dominance in food delivery and grocery delivery segments. Zomato reported ₹12,114 crore revenue in FY24, including ₹6,161 crore from food business & ₹2,301 crore from Blinkit, its quick-commerce venture. While Swiggy's growth trajectory is commendable, profitability remains a challenge, contrasting with Zomato, which reported a net profit of ₹351 crore. The quick-commerce space is heating up, with players like Blinkit, Zepto, and bigbasket.com competing for market share. It's a fascinating time for the food delivery industry, as companies focus on refining their operations and delivering more value to their customers. Source: Financial Times #Swiggy #Zomato #QuickCommerce #ECommerce #RevenueGrowth #DigitalTransformation #Leadership

🚀 Swiggy Q2 FY25: A Step Closer to Profitability and Market Leadership 🚀 Swiggy has once again demonstrated its ability to adapt and thrive in a highly competitive landscape. Here are the highlights from its Q2 results: ✅ Food Delivery Resilience: GOV growth of 5.6% QoQ, with profitability doubling to ₹112 crore – a testament to operational excellence. ✅ Instamart's Rapid Expansion: A 24% QoQ growth, operational in 54 cities, and with three top cities already profitable, it’s on track for EBITDA profitability by Q3 FY26. ✅ Quick Commerce Progress: Losses reduced by 124 bps, showing Swiggy’s focus on efficiency in this high-growth segment. ✅ Dineout Growth: Losses reduced to ₹9 crore, while business grew 12% QoQ, indicating a successful integration and a promising trajectory. 📈 The Road Ahead: Swiggy’s focus on scaling operations, optimizing margins, and expanding its active retail area by 2.5x by 2025 shows a strong commitment to sustainable growth. Takeaway: Swiggy is balancing growth with profitability, ensuring long-term value for stakeholders. Quick commerce profitability remains the next big milestone, but the foundation being built today looks promising. 💡 What do you think about Swiggy’s strategy to tackle competition and lead in quick commerce? Share your insights below! #Swiggy #EarningsUpdate #BusinessGrowth #QuickCommerce #FoodDelivery #Instamart #LinkedInInsights

The Indian food delivery space is currently a duopoly with Zomato holding about a 55% market share and the rest being cherished by Swiggy However, IPO-bound Swiggy is far behind its listed rival👇 🔶 In the Q1 of FY25, Zomato’s food delivery GOV stood at INR 9,264 Cr, while Swiggy’s stood at INR 6,808.3 Cr. In Q1, Zomato also had a higher average monthly transacting customers at 20.3 Mn users compared to Swiggy’s 14.03 Mn. 🔶 Notably, in FY24, Swiggy posted a GOV of INR 8,068.6 Cr in quick commerce, up over 57% YoY. Meanwhile, Zomato’s Blinkit clocked INR 12,469 Cr in FY24 GOV, up 93% YoY. This was despite an equal number of dark stores at around 520 at the end of FY24. 🔶 Quick commerce has become the dominant force in India’s ecommerce structure – however, Swiggy is trailing behind Zomato in this area, too. 🔶 Meanwhile, hashtag #Zomato is way ahead of Swiggy in the going-out segment.

The Indian food delivery space is currently a duopoly with Zomato holding about a 55% market share and the rest being cherished by Swiggy However, IPO-bound Swiggy is far behind its listed rival👇 🔶 In the Q1 of FY25, Zomato’s food delivery GOV stood at INR 9,264 Cr, while Swiggy’s stood at INR 6,808.3 Cr. In Q1, Zomato also had a higher average monthly transacting customers at 20.3 Mn users compared to Swiggy’s 14.03 Mn. 🔶 Notably, in FY24, Swiggy posted a GOV of INR 8,068.6 Cr in quick commerce, up over 57% YoY. Meanwhile, Zomato’s Blinkit clocked INR 12,469 Cr in FY24 GOV, up 93% YoY. This was despite an equal number of dark stores at around 520 at the end of FY24. 🔶 Quick commerce has become the dominant force in India’s ecommerce structure – however, Swiggy is trailing behind Zomato in this area, too. 🔶 Meanwhile, #Zomato is way ahead of Swiggy in the going-out segment.

Swiggy versus Zomato: The Epic Showdown in the Indian Food Delivery Arena! 🍽️📈 The FY24 financial showdown between Swiggy and Zomato highlights how these two giants shape India's food delivery landscape. Despite Swiggy generating ₹11,247 Cr in revenue, Zomato comes ahead with ₹12,114 Cr, and even posts a net profit of ₹351 Cr! Swiggy, on the other hand, is still in the red with -₹2,350 Cr in net losses, despite commanding a healthy 24,700 Cr gross order value. Both platforms have similar Average Order Values (₹428), but Zomato’s broader reach—700+ cities and 2.47 lakh restaurant partners—gives it an edge over Swiggy’s presence in 653 cities with 1.96 lakh partners. Zomato's higher monthly active users (18.4M) compared to Swiggy’s 12.7M further demonstrates its wider user base and market dominance. What stands out is the EPS: ₹0.41 for Zomato versus a negative ₹-8.6 for Swiggy. The numbers tell a clear story—Zomato is growing profits while Swiggy continues to invest heavily for future growth. The competition is intense, but it’s far from over! #zomato #investment #finance #swiggy

Swiggy Fundamental Analysis: Quick Facts Founded: 2013 (as Bundl Technologies), rebranded to Swiggy Ltd. Revenue: Primarily from commissions, ads, customer fees, delivery charges, and Swiggy One subscriptions. Reach: Food delivery spans 681 cities in India. FY24 Stats: ₹34,969 crore B2C Gross Order Value. Quick Commerce: Instamart (2020 launch) with over 19,000 SKUs. Dark Stores: 557 active locations across 32 cities. Delivery Network: ~4.5 lakh monthly transacting delivery partners. Swiggy One Membership: ~57 lakh members as of June 2024. Supply Chain: 🔹 2.66 million sq. ft. warehousing across 13 cities. 🔹 680 brand distribution partnerships. 🔹 Serving 87,000 retailers/wholesalers. #Swiggy has built a robust ecosystem combining technology and scale to transform convenience, backed by an innovative, user-focused strategy. #StockEdge #swiggyipo #indianstockmarket 

The Indian food delivery space is currently a duopoly with Zomato holding about a 55% market share and the rest being cherished by Swiggy. However, IPO-bound Swiggy is far behind its listed rival👇 🔶 In the Q1 of FY25, Zomato’s food delivery GOV stood at INR 9,264 Cr, while Swiggy’s stood at INR 6,808.3 Cr. In Q1, Zomato also had a higher average monthly transacting customers at 20.3 Mn users compared to Swiggy’s 14.03 Mn. 🔶 Notably, in FY24, Swiggy posted a GOV of INR 8,068.6 Cr in quick commerce, up over 57% YoY. Meanwhile, Zomato’s Blinkit clocked INR 12,469 Cr in FY24 GOV, up 93% YoY. This was despite an equal number of dark stores at around 520 at the end of FY24. 🔶 Quick commerce has become the dominant force in India’s ecommerce structure – however, Swiggy is trailing behind Zomato in this area, too. 🔶 Meanwhile, #Zomato is way ahead of Swiggy in the going-out segment. Given this, and the fact that #Swiggy has hefty losses on the books along with a high valuation – will the foodtech major be able to replicate Zomato’s success on the bourses? Let us know your thoughts in the comments! #ipo #quickcommerce #delivery

Placing direct orders from a new age brand is a big hassle, and the reason why Zomato & Swiggy serve as great platforms to establish a brand in the beginning. I had this experience today with a brand I ordered from, and used their app due to a better deal they offered. But the mental exhaustion to just receive the order made me realise why brands choose to start with food aggregators in the beginning for gaining momentum. It took me almost 2hrs to receive the 2 items I had ordered, and it was dead cold by the time it arrived. Direct orders after you have operational efficiency makes sense, but aiming to start with that is a difficult & tedious thing. Managing delivery fleet along with food prep requires a different mindset & patience, of which Zomato & Swiggy have mastered 1 aspect of at least. We tried direct ordering systems in the beginning, but quickly realised that shifting consumers to your platform and changing the habitual process through Zomato & Swiggy would require deep spends on customer acquisition along with peak operational efficiency. Have you ordered from your favourite brand without using Zomato or Swiggy? How was your experience? #cloudkitchens #foodbeverages #zomato #swiggy #directorders (P.S. the photo you see has nothing to do with the post, I just wanted to give you a peek into a new concept that will start reaching doors in Delhi NCR very soon; watch out for updates on my page here)

Day 07 of the series. 🚀 Swiggy Delivers Strong FY24 Results!🚀 Swiggy has reported impressive growth in FY24, with a 36% year-on-year increase in operating revenue to ₹11,247 crore and a significant 44% reduction in net losses. This success comes on the back of several key achievements: ✅ Instamart Growth: Quick commerce vertical Instamart saw a 58% increase in Gross Order Value (GOV) to ₹8,100 crore, reflecting its rapid expansion with 523 dark stores across 27 cities. ✅ Food Delivery Expansion: Swiggy’s core food delivery business grew by 15% in GOV to ₹24,700 crore, driven by a wide delivery network and increased consumer demand. ✅ Dineout Success: The out-of-home consumption segment, including Dineout, doubled its GOV to ₹2,200 crore, benefiting from a unified app experience and new revenue streams. By strategically managing costs, enhancing operational efficiency, and focusing on innovation, Swiggy continues to strengthen its market position and move closer to profitability. Exciting times ahead! 💪📈 #GrowthMindset #Leadership #Ecommerce #FoodDelivery #QuickCommerce #Innovation #BusinessSuccess #Swiggy

How Swiggy Became Zomato’s Biggest Competitor: A Tale of Innovation and Strategy When Swiggy entered the Indian food delivery market, Zomato was already a well-established player. So, how did Swiggy manage to not only survive but thrive and emerge as one of the two biggest food delivery companies in India? Here are some strategic moves that set Swiggy apart: 1. Hyperlocal Delivery Model: Swiggy introduced a hyperlocal delivery network that focused on quick delivery times. This model prioritized delivery efficiency and ensured that food reached customers hot and fresh, even during peak hours. 2. In-House Delivery Fleet: Unlike Zomato, which initially relied on restaurants’ delivery systems, Swiggy built its own delivery fleet. This move gave them better control over the delivery process, resulting in consistent service quality and faster deliveries. 3. Focus on Technology: Swiggy invested heavily in technology, building a robust logistics system that could handle large volumes of orders efficiently. Their tech-driven approach to route optimization and order management played a key role in scaling their operations rapidly. 4. Customer-Centric Approach: Swiggy’s app was designed with a focus on user experience. Features like live order tracking, multiple payment options, and personalized recommendations made the platform more appealing to users. 5. Innovative Marketing Campaigns: Swiggy’s creative marketing campaigns, often leveraging social media and influencer partnerships, helped them build a strong brand presence and connect with a younger audience. 6. Expansion Beyond Food Delivery: Swiggy didn’t stop at food delivery. They expanded into other areas like groceries and daily essentials, creating a comprehensive delivery ecosystem that increased customer loyalty. These strategic moves helped Swiggy carve out its own space in the market, eventually becoming Zomato’s biggest competitor. In the dynamic world of food delivery, Swiggy’s story is a testament to the power of innovation and customer-centric thinking. #FoodDelivery #Swiggy #Zomato #BusinessStrategy #Innovation #Logistics #CustomerExperience #Technology #India