Synopsis
Swiggy, a leading food-tech firm in India, has seen its market valuation plummet by nearly 50% from its peak, dropping from over $16 billion to $9.82 billion, amid significant stock selling pressure and disappointing earnings.Key Takeaways
- Swiggy's valuation has decreased by 50%.
- Current valuation stands at $9.82 billion.
- Stock trading 14.2% below its debut price.
- Investors have lost Rs 40,250 crore in 2025.
- Q3 earnings reported a net loss of Rs 799.08 crore.
New Delhi, Feb 22 (NationPress) Swiggy, a prominent player in India's food-tech sector, is experiencing a significant downturn in its market valuation, which has dropped nearly 50% from its highest point.
The online food aggregator's valuation, which exceeded $16 billion or approximately Rs 1,32,800 crore in December 2024, has now fallen to $9.82 billion or Rs 81,527 crore on the National Stock Exchange (NSE).
This represents a decline of over 30% from its $12.7 billion listing valuation.
Moreover, its stock continues to endure significant selling pressure, trading 14.2% below its listing price.
The stock made its market debut at Rs 420 per share on NSE and Rs 412 per share on the Bombay Stock Exchange (BSE) in November 2024, but is currently trading at Rs 360.
In 2025 alone, Swiggy’s investors have suffered a loss of Rs 40,250 crore due to the ongoing steep decline in stock value.
Investors have been selling off shares, particularly after the company reported Q3 earnings that fell short of expectations, revealing a net loss of Rs 799.08 crore for the October-December quarter (Q3 FY25), compared to a loss of Rs 625.53 crore in the previous quarter (Q2).
Another significant factor contributing to the stock's decline is the unlocking of shares post-IPO.
Several batches of Swiggy shares were released in the weeks following the IPO. On January 29, 2.9 million shares were made available, followed by an additional 300,000 shares on January 31.
Another 100,000 shares were unlocked on February 19, and the largest batch of 65 million anchor investor shares was released on February 10.
While no notable bulk transactions have been recorded, the stock price has been consistently declining, reaching an all-time low of Rs 323 on February 14.
The overall market sentiment towards tech IPOs has also deteriorated. Out of the 12 tech stocks that have been launched in the past two years, at least five are currently trading below their IPO price.
