Swiggy IPO

Swiggy Limited is a Bengaluru-based food delivery platform catering to approx 500 Indian cities. It follows the hyper-local food deliver model. For its food delivery services, it partners with restaurants & food outlets to cater to retail customers. Further it has a fleet of delivery partners who are tasked with picking up the order from the partner restaurant and delivering it to the end-user. The company’s main revenue streams from its food delivery business are commissions from restaurant partners and delivery chargers from end-users. Apart from food delivery, Swiggy also as Instamart, which is a quick commerce grocery & non-grocery delivery platform delivering essentials & non-essentials in 10 minutes. It also offers services like Swiggy Dineout and Swiggy Genie through its multi-service app.;