You have come to the right place to know whether buying one of the best-unlisted shares at the best Swiggy share price from the top broker is profitable. Swiggy has increased its revenue in recent years from Rs. 2,547 to Rs. 11,247 from 2021 to 2024. Also, compared to last year’s loss of Rs. 4,179 for a revenue of only Rs. 8,265 crores, it was reduced to Rs. 2,350 crores for 2024. It is because of the many cost-cutting measures apart from increasing the revenue and could soon turn into profits. Also, Swiggy raised its IPO plan on September 10, 2024, with an impressive Rs. 12.5 billion to issue fresh shares worth Rs. 50 billion. It shows the confidence of Swiggy in its rising performance now and in the future. Hence, buying Swiggy’s unlisted share price of around Rs. 500 from the top broker is sure to be profitable to get high returns as soon as it gets listed on the exchanges.
So, in this blog, let us check out the many reasons why buying one of the top unlisted shares, Swiggy, at the current price will get you huge returns sooner rather than later. IPO hopes are flying high, along with markets cutting all-time highs once again last week on September 12, 2024.
What is Swiggy’s unlisted share?
Swiggy started as an e-commerce site called Bundl for facilitating courier service and shipping rebranded to Swiggy in 2014 to enter the fast-growing food delivery market in Bangalore. Soon, it expanded to over 580 cities with partnerships with over 200,000 restaurants across India and became a formidable competitor to Zomato. Swiggy’s expansion was possible because of the massive funding from 2015 until 2021, and now to raise funds from the public through the IPO and list in the exchanges. Also, Swiggy acquired its competitor Super Daily in 2017 and started Swiggy stores groceries merged with Instamart in 2019 to enter the quick commerce industry in India. Hence, Swiggy’s unlisted shares are more popular among investors with expectations of getting high returns buying at the current price because of its performance and upcoming raised IPO expectations.
What were the funds raised by Swiggy in the last ten years to expand business rapidly?
Many top funding houses in India and abroad, confident in Swiggy’s performance, invested considerable amounts in the past few years. The following is the list of funds raised by Swiggy to become one of the top food delivery platforms that is expanding into other deliveries to increase its value and unlisted share price.
- In Series A funding in 2015, Swiggy raised 2 million dollars from SAIF partners.
- In Series B funding in 2016, Swiggy raised 15 million dollars from Accel India, Venture Partners.
- In Series C funding in 2017, Swiggy raided 80 million dollars from Nesmers, Bessemer Venture Partners, and Harmony Partners.
- In Series D funding in 2018, Swiggy raised 100 million dollars from Meitun Diaping and Naspers.
- In Series E funding in 2019, Swiggy raised 113 million dollars from Prosus Ventures.
- In 2021, Swiggy raised 800 million dollars from Amansa Capital, Falco Edge Capital, and others.
The above facts, acquisitions, fundraisings, expansions, and IPO to come soon are the reasons for Swiggy’s unlisted share buying from the top broker profitable. Visit Stockify a credible platform to buy, sell and know more about pre-IPO shares. Start your investment journey today!