Swiggy Connects Families Across Continents with Cross-Border Food Delivery Feature
Bringing Loved Ones Closer: Swiggy’s New Feature allow Families Share Meals Across Borders
Table of Content
- Introduction to Swiggy’s International Logins Feature
- Supported Countries for Cross-Border Orders
- Payment Options for Global Users
Swiggy, widely recognized for its reliable and delivery in time, swiggy has taken a step further to stand out in india’s competitivefood delivery market, including brands like Zomato and blinkit. With launch of its new International Logins features, swiggy now enables users from 27 countries, including the US, Canada, UK, Germany, Australia, and the UAE, to order food for loved ones in india. This moves not only expands Swiggy’s reach it also strengthens connections with global users, this feature will make easier for families and friends who living in abroad to share their moments across borders.
This announcement made on Friday, these announcement will gears up companies intial piblic offering(IPO)
Swiggy’s ‘International Login’ feature caters to a long-standing request from its global user base by supporting diffrent types of payment options, including international credit cards and UPI. This update will allow users who are in abroad to send food for their families and friends in india, apparently, this new feature will be making it especially meaningful during festivals and special occations. By enabling cross-border orders, swiggy has strengthens its connection between loved ones across continent.
Through these service people can use swiggy’s another services also, even articles from its quick commerce offering Instamart, or book restaurant tables for loved ones.
Swiggy’s IPO: Key Details and What Investors Need to Know
The Swiggy IPO is consists of a fresh issue of equity shares worth ₹3,750 crore, along with an offer-for-sale of 185,286,265 equity shares by existing shareholders. The IPO is structured to include segments for qualified institutional buyers (QIBs), anchor investors, and mutual funds.
Non-institutional buyers will also have a chance to participate, with one-third of the allocation reserved for bidders applying between ₹2 to ₹10 lakh, and the remaining portion for those applying for more than ₹10 lakh. Additionally, there will be a dedicated retail portion for smaller investors.
Zomato was listed in 2021 as a loss-making company, but it has since shown consistent profit growth,particularly after reaching profitability in the April-June quarter of last year. The company’s financial performance has steadily improved over the past five quarters.
Swiggy has yet to match zomato in terms of profitability, despite being close to Zomato’s total revenue in FY24. While Gurugram-based Zomato posted a revenue of INR 12,114 Cr in FY24, as Swiggy’s revenue stood at INR 11,247 Cr. However, Zomato achieved a profit of INR 351 crore, whereas Swiggy reported a loss of INR 2,350 Crore.
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