SWIGGY

Food delivery platform Swiggy’s journey started eight years ago in 2014 when Sriharsha Majety and Nandan Reddy came together. Along with Rahul Jamini, Swiggy started from the concept of serving ice-creams and then switched delivering food like their rival Zomato. The delivery platform received just 35 orders in their first month.

Serving in over 500 cities across the country and employees over 5,000 people, the Bangalore-based start-up started gaining traction with big investors because of their instant growth in revenue. Within a year of their launch, Swiggy raised $80 million in funding. By the end of 2015, the food platform partnered with 100+ restaurants, delivering over 70,000 orders per month.

In 2017, the company introduced cloud kitchen and Swiggy Pop, The Bowl Company and Homely. Going on an expansion spree, Swiggy took the market by storm with Swiggy Super, and Supr Daily. Swiggy has raised a total of $3.6B in funding over 15 rounds, according to Crunchbase data. Their latest funding was raised on Jan 24, 2022 from a Venture - Series Unknown round.

To date, the food delivery company has made 5 acquisitions with their most recent one being Dineout on May 13, 2022. They acquired Dineout for $200 million. The others include Kint.io, Supr Daily, Scootsy and 48East.

Swiggy’s phenomenal growth can be viewed by the fact that it entered the coveted unicorn club in less than four years of it coming into existence. In June 2018, Swiggy’s valaution rose to $1.2 billion (Rs 7,800 crore) after raising $210 million in a round led by DST and Naspers. It became India’s 10th unicorn startup, after Flipkart, Paytm, Snapdeal, Ola Cabs, InMobi, Hike Messenger, Zomato, Quikr and ShopClues.

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