CA Simarpreet Singh Gulati’s Post

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Associate Director at UBS - CFO Divisional Controller | CFO Business Partner | ex-Credit Suisse | ex-PwC | Chartered Accountant | CS | Dip.IFRS (ACCA UK)

🚀 Case Study: Swiggy’s IPO Journey 🚀 Swiggy, India’s leading food delivery platform, has been one of the most talked-about companies when it comes to IPO expectations. Here's a quick look at the key aspects of Swiggy's IPO journey: 1. ✍️ Growth Trajectory ✍️ From a small startup in 2014 to a ₹10 billion valuation, Swiggy has expanded its services beyond food delivery, launching initiatives like Swiggy Instamart (grocery) and Swiggy Genie (errands), capturing multiple revenue streams. 2. ✍️ Market Readiness ✍️ Swiggy’s decision to go public was driven by the booming online food delivery market, increased investor interest, and Zomato's successful IPO. However, global economic volatility and tightening market conditions led to delays in its offering. 3. ✍️ Profitability Roadblock ✍️ Despite strong revenue growth, Swiggy faced challenges in achieving consistent profitability. The company reported significant losses, making investors cautious about its financial sustainability. 4. ✍️ Diversification Strategy ✍️ With services beyond food delivery, Swiggy’s IPO narrative focused on its diversification into quick commerce, leveraging technology and logistics for growth, and its long-term sustainability focus. 5. ✍️ IPO Delays ✍️ While Swiggy filed its draft prospectus, it postponed the IPO due to unfavorable market conditions and regulatory considerations. This decision highlights the challenges startups face in timing public offerings amidst volatility. 🚀 Key Takeaways 🚀 Swiggy’s IPO journey reflects the growing pains of scaling a high-growth startup in a competitive, capital-intensive industry. Investors are closely watching how Swiggy will balance expansion with profitability as it prepares for the right market window. #Swiggy #IPO #TechStartups #FoodDelivery #MarketTrends #IndianTech #Investment

CA Suraj Lakhani

Executive Director/Chartered Accountant/Certified Public Accountant(USA)/MBA-Finance/MCom/BCom/ACCA(UK)-IFRS/TBEM Certified

1mo

Very informative

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