In India’s quickly growing food-tech sector, Swiggy and Zomato have become household names that have revolutionized the way urban India eats. Zomato has an advantage of being a listed entity whereas Swiggy is unlisted and attracting investor interest in the unlisted market. The big question on many minds: Is Swiggy’s unlisted share price justified with respect to Zomato’s listed stock?
Let’s take a closer look at how they measure up on a number of investment metrics: investment potential and growth dynamics, investment risks and market sentiment. Whether you are following the Swiggy unlisted share price today or considering the long-term outlook, this guide by CoinDCX News has you covered.
Table of Contents
Swiggy vs Zomato: Company Overview
Swiggy
- Founded: 2014
- Headquarters: Bengaluru, India
- Valuation (2024): Approx. $12.7 billion (as per secondary market data)
- Business Segments: Food delivery, Instamart (grocery), Dineout (restaurant tech), Swiggy Genie (pick & drop)
Zomato
- Founded: 2008
- Headquarters: Gurugram, India
- Market Cap (2025): Approx. ₹1.30 lakh crore
- Business Segments: Food delivery, Hyperpure (restaurant supply chain), Blinkit (quick commerce)
Current Market Position
Swiggy and Zomato control more than 90% of India’s food delivery business. Whereas Zomato has the first-mover advantage in IPO, Swiggy unlisted shares are a rage among pre-IPO investors eager to capitalize on India’s digital consumption boom.
Swiggy Unlisted Share Price Today (2025)
As on July 2025, Swiggy unlisted share price today is hovering around ₹290 to ₹330 in the grey market. This valuation is based on the market’s expectations of a potential IPO in late 2025 or early 2026.
Price Trend Snapshot (2022–2025):
| Year | Swiggy Unlisted Share Price (₹) |
| 2022 | ₹400 (peak) |
| 2023 | ₹310 |
| 2024 | ₹270–₹300 |
| 2025 | ₹290–₹330 |
Zomato Share Price Today (2025)
Zomato’s listed stock is trading around ₹190–₹210 on NSE/BSE. Its performance has been a rollercoaster ride post-IPO in 2021, but sentiment improved in 2024 after Blinkit turned EBITDA positive.
Growth Potential: Swiggy vs Zomato
Swiggy’s Strengths
- Diversified Offerings: Swiggy Instamart leads the quick commerce space alongside Blinkit.
- Private Market Edge: With a tight shareholding structure, price fluctuations are less volatile than listed peers.
- IPO Anticipation: Swiggy is actively prepping for its IPO, which could re-rate its valuation significantly.
Zomato’s Strengths
- Listed Liquidity: Easy entry and exit make it appealing to retail investors.
- Operational Profitability: Zomato reported its first consolidated profit in FY24.
- Institutional Trust: Backed by global funds like Tiger Global, Fidelity, and more.
Risk Factors Comparison
| Risk Factor | Swiggy Unlisted Shares | Zomato Stock |
| Liquidity | Low (No instant buying/selling) | High (Listed on NSE/BSE) |
| Valuation Transparency | Moderate (depends on private deals) | High (audited and declared quarterly) |
| Regulatory Risk | Medium | High (subject to SEBI & market volatility) |
| Market Sentiment Impact | Low to Medium | High (influenced by FII flows, retail buzz) |
Swiggy Unlisted Share Price: Is It Worth the Bet?
Buying Swiggy unlisted shares is like staking in the company before it becomes public. That could be an opportunity to get in early — but it’s also accompanied by low liquidity and limited access to financial disclosures.
That said, those tracking Swiggy unlisted share price today and see the same at a sustained and stable price before ₹320, may be able to offer long-term value, especially if the company offers IPO above that level.
Swiggy vs Zomato: Who’s Winning the Battle?
| Parameter | Swiggy | Zomato |
| Revenue FY24 | ₹9,400 crore (est.) | ₹11,000 crore |
| Profitability | Near break-even | Profitable (Q3 FY24 onwards) |
| Delivery Market Share | ~44% | ~56% |
| Grocery Segment | Strong (Instamart) | Strong (Blinkit) |
| IPO Status | Not yet (expected in 2025–26) | Listed (since 2021) |
What Investors Are Saying
“Swiggy’s unlisted shares are attractively priced. If the IPO is anything like Zomato’s, early investors could gain big.”
— Anil Kumar, Angel Investor (via CoinDCX News interview)
“Zomato has the edge for now due to profitability and governance, but Swiggy’s execution is promising.”
— Ritika Shah, Financial Analyst at Mumbai-based fintech firm
Key Takeaway: Swiggy Unlisted vs Zomato Stock
Choose Zomato if:
- You want liquidity
- You prefer safer, SEBI-regulated assets
- You’re looking for short-to-medium-term gains
Choose Swiggy Unlisted Shares if:
- You can lock in your money for 1–2 years
- You’re betting on Swiggy’s IPO to offer listing gains
- You trust the future of Instamart and Swiggy Genie
Final Verdict – Which One Should You Choose?
If you’re a “long-term speculative investor” in the food delivery ecosystem and can allocate a low portion of your capital in a liquid investment, Swiggy unlisted shares prove to have high-return potential, even more so at the present Swiggy unlisted share price now. But if you like visibility, regulation and liquidity you’d still rather stick with Zomato thanks to constant operational upgrades.
To sum it up, it’s not a matter of one being better than the other — but rather, your risk tolerance and investment timeline.
FAQs on Swiggy Unlisted Share Price (2025)
What is today the Swiggy unlisted share price?
As on 2025 July, Swiggy unlisted shares trade between ₹290 and ₹330 in the grey market.
Where can I purchase Swiggy unlisted shares in India?
You can purchase through SEBI-registered platforms or pre-IPO share brokers such as UnlistedZone, SharesKart, CoinDCX NewsRewind partner sites.
Is It Safe to Invest in Unlisted Swiggy Shares?
Unlisted shares are also riskier than listed shares because of low liquidity and lower transparency. But Swiggy’s brand value provides a cushion.
When is Swiggy’s IPO expected?
Swiggy’s I.P.O. is tentatively planned for late 2025 or early 2026 and will be market dependent.
What is the minimum investment in Swiggy unlisted shares?
Typically, the minimum investment ranges from ₹30,000 to ₹50,000, depending on the broker and lot size.
Swiggy Unlisted Shares – Can I sell at before IPO?
Yes, but only on the grey market off their backs. You will have to locate a buyer on unlisted share platforms.
Which is the better option: Zomato listed stock or Swiggy unlisted shares?
Zomato offers liquidity and assured returns; Swiggy offers early-stage opportunity with higher risk.
How Is The Swiggy Unlisted Share Price Fixed?
It is a function of unlisted demand/supply, investor sentiment, funding rounds, and IPO hopes.
Do unlisted shareholders of Swiggy receive dividends?
Swiggy being a privately held firm doesn’t provide dividend at the moment.
Where is the best place to follow Swiggy unlisted share price today daily?
You can also track updates on platforms like CoinDCX News, UnlistedZone, or you can contact verified brokers selling pre-IPO shares.
