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  3. Swiggy Sets Sights On $50 Bn Quick Commerce Market, Targets 500 Mn User…

Swiggy Sets Sights On $50 Bn Quick Commerce Market, Targets 500 Mn Users In IPO Push

5 Nov 2024

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Key Takeaways

Swiggy plans to capture a $50 billion quick commerce market while targeting 500 million users, supported by an IPO aiming to raise Rs 11,327.4 crore.


Swiggy plans to capture a $50 billion quick commerce market while targeting 500 million users, supported by an IPO aiming to raise Rs 11,327.4 crore.


Swiggy

Swiggy

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Expert Analysis

Swiggy Sets Sights On $50 Bn Quick Commerce Market, Targets 500 Mn Users In IPO Push.

Expert Analysis (Swiggy POV):

  • Quick Commerce Opportunity: Swiggy targets USD 30-50 billion TAM in quick commerce over the next four years.

  • Food Services Growth: Anticipates 10-11% CAGR in food services; online delivery at 17-22% CAGR over the next four years.

  • Expanding User Base: The user base is projected to grow from 150M to between 300-500M over 10-20 years.

  • IPO Structure: Launching IPO with Rs 4,499 crore fresh issue and offer for sale of 17.5 crore shares. 

  • Fundraising Goal: Aiming to raise Rs 11,327.4 crore at maximum share price of Rs 390.

Publisher:BW Disrupt