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.
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News
Swiggy launches market intelligence dashboard for restaurant partners
Akshita Toshniwal | July 25, 2024
Swiggy has been innovating its partner offerings with a market dashboard along with a focus on customers as it nears public listing.
News
Swiggy taps fresh talent for Instamart as it gears up for public listing
Akshita Toshniwal | July 22, 2024
Swiggy brings in fresh talent from Reliance, Amazon, Flipkart etc to revamp its quick commerce segment as it gears up for a $1.2 billion IPO.
News
Swiggy announces ESOP liquidity event of $65M ahead of IPO
Akshita Toshniwal | July 15, 2024
Swiggy's buyback aims to consolidate its holdings in preparation for a Rs 10,400 crore IPO and to raise up to Rs 3,750 crore in fresh capital.
News
Swiggy and Zomato hike platform fees to Rs 6 in certain areas to improve bottomline
Akshita Toshniwal | July 15, 2024
Swiggy and its peer Zomato have again hiked platform fees after launching at just Rs 2 last year as both the players try to improve profitability without losing market share.
News
Invesco slashes valuations of its stake in Pine Labs and Swiggy
Akshita Toshniwal | July 11, 2024
Invesco’s cuts come amid other valuation changes by investors as startups move towards their public listing plans.
In-focus
Cold storage, hot halwa: This B2B startup is selling frozen Indian sweets
Akshita Toshniwal | July 11, 2024
With EBITDA profitability on the horizon and a growing client list, Scandalous Foods soon plans to offer direct-to-consumer options.
News
Swiggy adds collaborative food recommendation feature Eatlists
Akshita Toshniwal | July 5, 2024
Eatlist which will work on the same principle as music playlists would be used for curating reliable food recommendations for the users by the users.
Report
Online delivery to make up 20% of food services market by FY31: Swiggy, Bain & Co report
Akshita Toshniwal | July 3, 2024
An increase in eating out frequency, higher purchasing power and a growing customer base will drive the Indian food services market, according to a study by Swiggy and Bain & Company.