Swiggy eyes 100 mn users, each ordering 15 times a month: CEO Majety

Swiggy expects 100 million consumers to use the platform 15 times a month in the future as it sees the food delivery business to be more profitable in the next decade, the company’s co-founder and chief executive officer Sriharsha Majety said on Monday.

The Bengaluru-based firm is gearing up to launch its Rs 11,327 crore initial public offering (IPO) on Wednesday.

The food delivery business is at a meaningful scale today and is expected it to grow at a compound annual growth rate (CAGR) of about 20 per cent, Majety said.