Swiggy’s co-founder and CEO, Sriharsha Majety, recently shared ambitious plans for the company’s future, anticipating that 100 million consumers will use the platform an average of 15 times a month. He believes the food delivery industry will become significantly more profitable over the next decade.
As Swiggy prepares for its upcoming initial public offering (IPO) worth Rs 11,327 crore, Majety pointed to several indicators of growth, including rising consumption trends, GDP per capita, and increased female participation in the workforce. He confidently stated, “We envision a future where 100 million users engage with us 15 times a month.”
Majety emphasized that the food delivery sector is already making strides and is projected to grow at a compound annual growth rate (CAGR) of around 20%. He highlighted that improvements in unit economics and operational efficiencies will further enhance the business’s potential, making it a compelling investment opportunity over the next one to two decades, driven by expanding user engagement.
