How Much Does It Cost To Make an App Like Swiggy?
Swiggy is India’s largest and highest valued online food ordering and delivery platform founded in 2014. Swiggy is based in Bangalore, India and it is now operating in more than 300 Indian cities. In early 2019, Swiggy started with new commerce of general product delivery under the name of Swiggy stores. It is a delivery based platform which generates its revenue by charging customers and restaurants.
The company built a dedicated delivery network and grew rapidly. Swiggy’s business model is not only sustainable but also scalable. Swiggy and a parent holding company Bundl technologies were founded in 2014 when Majety and Reddy approached Rahul Jaimini. In fact, in September 2019, Swiggy launched an instant pick up and drop service. This service is used for diverse reasons which include parcel deliveries to business clients and retail customers.
Apart from having formed a partnership with the restaurants, Swiggy has also accumulated its delivery partners. Swiggy has an easy online payment system. The different payment methods include payment through cards which include credit card and debit card. It offers meal cards and payment through digital wallets, for instance, Paytm, Phonepe, Mobikwik and free charge. Swiggy also allows its customer cash on delivery. Swiggy reported a revenue amounting to approximately $120 million in 2019. Some essential features of an app are mentioned below to be able to determine the average cost.
What Affects Application Costs?
There are no specific rates for application development. The app development costs depend upon varies factors. The team of developers will estimate how many hours are required to implement the specifications. The following factors influence the average development costs:
- Design and size
- Wireframe costs
- App developers cost
- Maintenance cost
Cost Breakdown of the App
The cost can be determined by the four main factors which are design and size, wireframe cost, app developers cost, and maintenance cost.
Design and Size
Design plays a vital role in the development of an app like Swiggy. A high-grade android or IOS app design simplifies the program usage which leads to improved user experience. The user is always looking for fast performance of the desired action and due to higher app design, the efficiency of the program increases. An app design is closely connected with the target audience and allows you to create a product which perfectly meets the needs of an average user.
The more the features and functions, the greater the cost. The cost of such an app could vary from $2,000 to $30,000. However, the cost can fluctuate if an app involves advanced technology and different elements.
Wireframe Cost
The wireframe is a visual guide that represents a framework of an app. Many different wireframes are worked upon before finding a correct one. The time it takes to create a wireframe varies depending on how complex the app is. The cost can vary depending on the number of pages that are needed. The average cost of wireframe development ranges from $500 to $1,500.
App Developer’s Cost
There is no fixed price for app development. It entirely depends upon how complex the app is. The more complex the app, the higher the cost. The app developers costs per hour. Another factor that plays a huge part in the cost of app development is the location. Some of the app developer’s cost in different countries are:
India: $10-$40 per hour
Australia: $50-$150 per hour
US: $50-$250 per hour
Moreover, there are a few other factors that contribute to app developers cost. This includes advertising, marketing, social media integration cost, live support etc. The app developers cost ranges from $40,000 to $60,000.
Maintenance Cost
An app requires constant upgrades and improvements, be it android or IOS. The maintenance cost must be kept in mind too. Any e-commerce app requires maintenance for high stability and functionality. The app requires on-going maintenance to keep the users happy, satisfied and engaged. The maintenance cost is usually a certain percentage of the developer’s cost. If initial development costs are $100,000 then $20,000 can be expected to spend on the maintenance of an app.
How Much Does it Cost To Make an App like Swiggy?
The key features of Swiggy are significant in the success of this app. The more the features and functionalities, the greater the cost would be. The key features for users of Swiggy include: sign up and log in reviews and ratings, payments, add to cart, order history, live order tracking etc. The other key features for sellers of Swiggy include offers and discounts, reviews and ratings, feedbacks, payments etc.
Taking into considerations all the aspects, the cost to develop an app like Swiggy ranges from $30,000 to $170,000. However, the cost can fluctuate depending on the developing time, features, functionality and other technological complexities.
Conclusion
Swiggy has turned out to be the leading food order and delivery company. Swiggy’s design principles, scalability, configurations, and stability are the key features offered by this app makes it even more unique. Swiggy has been attracting external investments. In April 2020, Swiggy received around $43 million funding which valued the company at $3.6 billion. The total revenue of Swiggy is $120 million. The cost to develop an app like Swiggy ranges from $30,000 to $170,000. Swiggy provides its customers with varies payment methods which generate enhanced user experience. This innovative business model has made it a lot easier to order food via an app while sitting in the comfort of your home. With live order tracking, easy payment methods, and fast delivery, Swiggy has captured a significant part of the food-tech market of India.
The development cost of such an app fluctuates as there are numerous factors attached to it. The technology used to develop an app like Swiggy keeps changing over time. The complexity of an app contributes to the development cost.
