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
Non-compliance with best before dates rises among ecommerce, quick commerce platforms: Report
Akshita Toshniwal | October 10, 2024
The report found that Meesho, Blinkit, Swiggy Instamart, Zepto, Lenskart, JioMart, Myglamm, Snapdeal, and Decathalon are non-compliant in displaying best before date for human consumption products.
News
Only Bigbasket, Urban Company guarantee minimum wage for gig workers: Fairwork India report
Sayan Sen | October 8, 2024
A recent study revealed that only Bigbasket and Urban Company ensure gig workers earn at least the local minimum wage after costs, while most platforms fall short on fair pay and representation.
News
Zepto finalises new Bengaluru office on the busy Sarjapur road
Akshita Toshniwal | October 7, 2024
Quick commerce unicorn Zepto has raised a total of $1 billion in multiple rounds this year, part of which is expected to be used for expanding the team and operations.
FoodTech
Swiggy brings XL EV fleet in Gurugram to handle large orders
Ishan Patra | October 5, 2024
In the coming weeks, the service—operated by a fleet of vehicles with temperature-controlled compartments—will expand to cities beyond Gurugram.
FoodTech
Swiggy launches 10-minute food delivery service
Sai Keerthi | October 4, 2024
IPO-bound Swiggy said the Bolt feature is currently operational across Bengaluru, Chennai, Hyderabad, Delhi, Mumbai, and Pune.
News
Swiggy shareholders approve provision to increase IPO size to Rs 5,000 Cr
Akshita Toshniwal | October 3, 2024
Swiggy had earlier filed to raise Rs 3,750 crore in fresh issue with an OFS of 18.52 crore shares from selling stockholders, according to its DRHP.
News
Invesco raises valuation of its stake in IPO-bound Swiggy to $13.3B
Bhuvana Kamath | October 1, 2024
The US-based investor had paid about $190.5 million for the stake when it invested in a $700 million funding round in Swiggy in January 2022, valuing the company at $10.7 billion.
Report
Amazon, Flipkart, Reliance, BigBasket have unclear quick commerce strategy: BofA Research
Akshita Toshniwal | October 1, 2024
With quick commerce channels taking in a significant slice of ecommerce players' cake, experts are unsure if incumbents will be able to hold onto their customers.