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 career growth initiative for delivery partners under “Project Next”
Akshita Toshniwal | September 17, 2024
Project Next is a part of the company’s Swiggy Skills program that looks to facilitate the upskilling of their delivery partners and restaurant partners.
Daily Capsule
Onam Ashamsakal!; The godfather of modern cooking
Team YS | September 15, 2024
Meanwhile, Swiggy has taken in-between-meals snacking seriously and has come up with a new service ‘Cafe’, which will deliver our favourite pass-time snacks and beverages in 15 mins!
Funding
[Weekly funding roundup Sept 7-13] Debt shows highest traction this week
Thimmaya Poojary | September 13, 2024
Venture capital funding continues to remain modest in the first two weeks of September, with the debt component getting the highest traction this week.
FoodTech
Swiggy Instamart expands operations to 43 Indian cities
Abha Warrier | September 10, 2024
In the last two months, Swiggy launched Instamart in 11 Indian cities—Thrissur, Mangalore, Kanpur, Udaipur, Warangal, Salem, Amritsar, Bhopal, Varanasi, Ludhiana, and Rajkot.
News
Swiggy to increase IPO size to Rs 5,000 Cr
Trisha Medhi | September 10, 2024
According to an internal set of documents, the company is now expected to make an issue of fresh shares worth Rs 5,000 crore (about $600 million).
Interview
Swiggy's recipe for success: Innovation, customer focus, and social responsibility
Shradha Sharma | September 6, 2024
Rohit Kapoor, Chief Executive Officer of Food Marketplace, Swiggy tells how the 10-year-old foodtech company is revolutionising the way India consumes.