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Swiggy Valuation Multiples
Discover revenue and EBITDA valuation multiples for Swiggy and similar public comparables like Meesho, Info Edge, Match Group, Delivery Hero and more.
Swiggy Overview
About Swiggy
Swiggy Ltd is a consumer-first technology company offering users an easy to use convenience platform, accessible through a unified app to browse, select, order and pay for food (Food Delivery), grocery and household items (Instamart), and have their orders delivered to their doorstep through on-demand delivery partner network. Its platform can be used to make restaurant reservations (Dineout) and for events bookings (SteppinOut). It has five business segments: Food Delivery, Out of home consumption, Quick commerce. Supply chain and distribution and Platform Innovations. Key revenue is generated from Food delivery business that offer on demand Food Delivery services through a network of restaurant partners and delivery partners, which is available through mobile application and or website.
Founded
2013
HQ
Employees
4.5K
Website
Financials (LTM)
EV
$7B
Swiggy Financials
Swiggy reported last 12-month revenue of $2B and negative EBITDA of ($327M).
In the same LTM period, Swiggy generated $1B in gross profit, ($327M) in EBITDA losses, and had net loss of ($434M).
Revenue (LTM)
Swiggy P&L
In the most recent fiscal year, Swiggy reported revenue of $2B and EBITDA of ($260M).
Swiggy expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $2B | XXX | $2B | XXX | XXX | XXX |
| Gross Profit | $1B | XXX | $930M | XXX | XXX | XXX |
| Gross Margin | 56% | XXX | 52% | XXX | XXX | XXX |
| EBITDA | ($327M) | XXX | ($260M) | XXX | XXX | XXX |
| EBITDA Margin | (13%) | XXX | (15%) | XXX | XXX | XXX |
| EBIT Margin | (18%) | XXX | (21%) | XXX | XXX | XXX |
| Net Profit | ($434M) | XXX | ($337M) | XXX | XXX | XXX |
| Net Margin | (17%) | XXX | (19%) | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Swiggy Stock Performance
Swiggy has current market cap of $8B, and enterprise value of $7B.
Market Cap Evolution
Swiggy's stock price is $3.00.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $7B | $8B | 0.5% | XXX | XXX | XXX | $-0.13 |
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Start Free TrialSwiggy Valuation Multiples
Swiggy trades at 2.9x EV/Revenue multiple, and (22.2x) EV/EBITDA.
EV / Revenue (LTM)
Swiggy Financial Valuation Multiples
As of April 19, 2026, Swiggy has market cap of $8B and EV of $7B.
Equity research analysts estimate Swiggy's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Swiggy has a P/E ratio of (17.9x).
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $8B | XXX | $8B | XXX | XXX | XXX |
| EV (current) | $7B | XXX | $7B | XXX | XXX | XXX |
| EV/Revenue | 2.9x | XXX | 4.1x | XXX | XXX | XXX |
| EV/EBITDA | (22.2x) | XXX | (28.0x) | XXX | XXX | XXX |
| EV/EBIT | (16.0x) | XXX | (19.9x) | XXX | XXX | XXX |
| EV/Gross Profit | 5.2x | XXX | 7.8x | XXX | XXX | XXX |
| P/E | (17.9x) | XXX | (23.1x) | XXX | XXX | XXX |
| EV/FCF | (24.1x) | XXX | (23.1x) | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Swiggy Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
Swiggy Margins & Growth Rates
Swiggy's revenue in the last 12 month grew by 28%.
Swiggy's revenue per employee in the last FY averaged $0.4M, while opex per employee averaged $0.3M for the same period.
Swiggy's rule of 40 is 26% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Swiggy's rule of X is 75% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Swiggy Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 28% | XXX | 38% | XXX | XXX | XXX |
| EBITDA Margin | (13%) | XXX | (15%) | XXX | XXX | XXX |
| EBITDA Growth | (58%) | XXX | 30% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 26% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 75% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.4M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.3M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 17% | XXX | 18% | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 1% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 73% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Swiggy Public Comps
See public comps and valuation multiples for other Consumer Marketplaces and Vertical Marketplaces comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Swiggy | XXX | XXX | XXX | XXX | XXX | XXX |
| Meesho | XXX | XXX | XXX | XXX | XXX | XXX |
| Info Edge | XXX | XXX | XXX | XXX | XXX | XXX |
| Match Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Delivery Hero | XXX | XXX | XXX | XXX | XXX | XXX |
| carsales.com | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Swiggy M&A Activity
Swiggy acquired XXX companies to date.
Last acquisition by Swiggy was on XXXXXXXX, XXXXX. Swiggy acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Swiggy
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialSwiggy Investment Activity
Swiggy invested in XXX companies to date.
Swiggy made its latest investment on XXXXXXXX, XXXXX. Swiggy invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Swiggy
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Swiggy
| When was Swiggy founded? | Swiggy was founded in 2013. |
| Where is Swiggy headquartered? | Swiggy is headquartered in India. |
| How many employees does Swiggy have? | As of today, Swiggy has over 4K employees. |
| Who is the CEO of Swiggy? | Swiggy's CEO is Sriharsha Majety. |
| Is Swiggy publicly listed? | Yes, Swiggy is a public company listed on National Stock Exchange of India. |
| What is the stock symbol of Swiggy? | Swiggy trades under SWIGGY ticker. |
| When did Swiggy go public? | Swiggy went public in 2024. |
| Who are competitors of Swiggy? | Swiggy main competitors are Meesho, Info Edge, Match Group, Delivery Hero. |
| What is the current market cap of Swiggy? | Swiggy's current market cap is $8B. |
| What is the current revenue of Swiggy? | Swiggy's last 12 months revenue is $2B. |
| What is the current revenue growth of Swiggy? | Swiggy revenue growth (NTM/LTM) is 28%. |
| What is the current EV/Revenue multiple of Swiggy? | Current revenue multiple of Swiggy is 2.9x. |
| Is Swiggy profitable? | No, Swiggy is not profitable. |
| What is the current EBITDA of Swiggy? | Swiggy has negative EBITDA and is not profitable. |
| What is Swiggy's EBITDA margin? | Swiggy's last 12 months EBITDA margin is (13%). |
| What is the current EV/EBITDA multiple of Swiggy? | Current EBITDA multiple of Swiggy is (22.2x). |
| What is the current FCF of Swiggy? | Swiggy's last 12 months FCF is ($302M). |
| What is Swiggy's FCF margin? | Swiggy's last 12 months FCF margin is (12%). |
| What is the current EV/FCF multiple of Swiggy? | Current FCF multiple of Swiggy is (24.1x). |
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