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Swiggy

Swiggy, an India-based startup established in 2014 in Bengaluru, when Sriharsha Majety and Nandan Reddy from BITS Pilani, introduced the concept of "Hyperlocal food delivery."


It ranks as one of India's top Unicorn startups. Currently, Swiggy operates in more than 500+ cities nationwide. It has partnered with fast-food giants like Burger King, Cafe Coffee Day, Goli Vada Pav, and many others to provide delivery services.


The platform allows customers to access a diverse range of restaurants from a centralised window, by connecting local diners with food enthusiasts. In January 2017, Swiggy initiated its cloud kitchen chain known as "The Bowl Company." In November 2017, the company ventured into a kitchen incubator business called Swiggy Access.


In early 2019, Swiggy extended its services to include general product deliveries through a new division named Swiggy Stores. This involved sourcing items from local stores to cater to customer demands.


In September 2019, Swiggy introduced the Swiggy Go service, enabling customers to make instant pickup and drop-off requests for document or parcel deliveries. Later, in April 2020, Swiggy rebranded this service as Swiggy Genie. And in August 2020, Swiggy launched InstaMart, a groceries delivery platform.

Rapid Fire

Rapid Fire with YS Life: Sameer Sharma, Founder, uEngage

Debolina Biswas | June 15, 2024

In a candid chat, Sameer Sharma, Founder of uEngage, gives a peek into his life, beyond his entrepreneurial journey.

FoodTech

Swiggy launches premium grocery quick commerce vertical Handpicked

Akshita Toshniwal | June 13, 2024

Swiggy launches Handpicked, integrating premium grocery vertical with its quick commerce platforms as it tries to hold market share ahead of IPO.

FoodTech

Baron Capital raises Swiggy valuation to $15.1B ahead of IPO plans

Akshita Toshniwal | June 3, 2024

Baron Capital has boosted Swiggy's valuation to $15.1 billion in anticipation of its IPO, as the quick commerce and food delivery frontrunner closes in on its competitor Zomato.

News

Startup news and updates: Daily roundup (May 22, 2024)

Team YS | May 22, 2024

YourStory presents the daily news roundup from the Indian startup ecosystem and beyond. Here's the roundup for Wednesday, May 22, 2024.

News

Gold rush: Bigbasket, Blinkit, Swiggy Instamart, and Zepto promise to deliver gold and silver coins in 10 minutes

Bhuvana Kamath | May 10, 2024

On the occasion of Akshaya Tritiya, quick commerce platforms are offering rapid delivery of gold and silver coins and puja essentials.

Funding

[Weekly funding roundup April 20-26] VC investment dips as startups resort to debt capital

Thimmaya Poojary | April 26, 2024

The last week of April saw a dip in venture capital funding with only 21 deals raising $193 million. The previous week saw a total fundraise of $339 million

News

Swiggy to file confidential papers with SEBI for $1.2B IPO

Sayan Sen | April 26, 2024

Swiggy plans to raise Rs 3,750 crore in fresh capital while investors may sell shares worth Rs 6,664 crore as part of the offer-for-sale component.

FoodTech

Swiggy gets shareholder nod for IPO: Reports

Payal Ganguly | April 25, 2024

Foodtech company Swiggy said it received shareholders' approval for a $1.2 billion public market debut later this year.