Next 500 towns to be key growth drivers in the long run: Swiggy

The food aggregator's revenue from adjacent services is expected to be 50% over next 3-4 years from 25% now, says ICICI Securities report based on talks with Swiggy CFO Rahul Bothra

Even as restaurants complain that aggregators are charging high commissions, growth expectation in the near term is expected to be around 30-40 per cent for food aggregators, said a report. In the case of Swiggy, revenue from adjacent services is expected to be 50 per cent over the next 3-4 years from 25 per cent currently, said an ICICI Securities report based on discussion with Swiggy CFO, Rahul Bothra.

The company also believes that though near-term growth will come from its presence in top metros, long-term growth will come from the next 500 towns and since the penetration is low, the