Swiggy targets dining-out market expansion through Dineout acquisition amidst IPO preparations.

Swiggy, India's top food delivery service, is targeting the growing dining-out market for expansion, leveraging its acquisition of Dineout. The food services industry could reach $10 trillion by 2030, presenting an attractive opportunity for revenue through advertising and ticket sales. Despite ongoing losses, Swiggy reported a 34.8% revenue increase in FY25. The company is preparing for an IPO, aiming for a $15 billion valuation, focusing on sustainable profitability rather than short-term gains.

September 27, 2024
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