Swiggy

Swiggy is India’s leading on-demand delivery platform with a tech-first approach to logistics and a solution-first approach to consumer demands. 

Swiggy aims to stand out by offering a more curated list of restaurants and services, not to mention its own in-house delivery fleet that pick up orders from restaurants and deliver it to the customers. 

Swiggy was founded in 2014 by Sriharsha Majety, Rahul Jaimini, and Nandan Reddy. The company is based in Bangalore, with presence in 500 cities across India.

 

Swiggy, built on the back of robust ML technology and fuelled by terabytes of data processed every day, offering a fast, seamless and reliable delivery experience for millions of customers across India.

 

Swiggy flagship products include New Supply, Swiggy Instamart, Swiggy Genie, and Health Hub, offering consistently making waves in the market, while continually growing the opportunities.

 

Swiggy has more than 100,000 restaurant partners, who leverages it's platform to reach new customers and increase their sales.

 

Swiggy is backed by Naspers, DST Global, Tencent Hondings, Wellington Management, SoftBank, Qatar Investment Authority, Falcon Edge Capital, Goldman Sachs, Baron Capital Group, Prosus Ventures, and others. The company raised $700M in Series K round on Jan 24, 2022. This brings Swiggy's total funding to $3.16B to date. The latest round more than doubled the company's valuation to $10.7B, from their previous $4.9B gained after the Series J raised in Apr 2021.

 

 

  • Year founded: 2014
  • Funding Info: $3.16B over 13 Rounds (Latest Funding Type: Series K)
  • Yearly Revenue: $390M (2020)
  • Employee Size: 5,001-10,000
  • Business Valuation: Valued at $10.7B as of Jan 24, 2022
  • City/Town: Bangalore
  • State: Karnataka
  • Country: India
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