Swiggy’s Big IPO Move: What sets it apart from competitors like Zomato
Swiggy Limited is set to make waves with its Rs 11,000 crore IPO, positioning itself for even bigger growth in food delivery, grocery, and more. ETMarkets got the chance to sit down with Swiggy’s top leaders, Group CEO & MD Sriharsha Majety and CFO Rahul Bothra, to talk about what’s next for the brand, its unique edge in a competitive market, and where the company’s finances are headed.
Let’s jump into Swiggy’s Rs 11,000 crore IPO. With everything from food delivery to Instamart, it’s a major offering. So, what’s Swiggy focusing on right now?
Sriharsha Majety: It’s an incredibly exciting time for us. We’re positioned at the intersection of several high-growth sectors, and we’re looking at not just the next couple of years but one to two decades of growth, leveraging India’s consumption boom. Our three main areas are food delivery, which has been profitable since last year and continues to grow, and the massive potential in grocery and retail through Instamart. We’re operating in markets that could become significantly larger in the next 4-5 years. Overall, our commitment is to deliver unmatched convenience for consumers, riding these macroeconomic tailwinds to build a lasting enterprise over the next decade.
Given this ambitious vision, what do you think Swiggy needs most to stay competitive—more stores, premium products?
Sriharsha Majety: In any large market, competition is inevitable, especially in quick commerce. For Swiggy, the key is to consistently meet—and exceed—consumer expectations, which are constantly
