Swiggy Stock
India-Based Food Delivery Platform
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About Swiggy Stock
Swiggy is an on-demand food delivery platform that brings food from neighborhood restaurants directly to customers' doors. The company's food delivery platform lists local restaurants and menu lists on an app for users to order from and track the delivery of its delivery executives, enabling users to order food with speed and convenience. Its service is used to pick up and drop off a diverse array of items, including laundry and document or parcel deliveries to business clients and retail customers. Swiggy was founded by Sriharsha Majety, Nandan Reddy, and Rahul Jaiminiin in 2014 and is headquartered in Bangalore, Karnataka, India.
Investors
ARK Impact
Bessemer Venture Partners
Swiggy, PharmEasy, BigBasket, Pinterest, Snapdeal, Sila Nanotechnologies, ServiceTitan, Toast, Hinge Health, Box
Coatue
Swiggy, Commonwealth Fusion, Lacework, Caris Life Sciences, Relativity Space, Hopin, Snyk, Rapyd, SpotOn, Attentive
Harmony Partners
AppDynamics, Spotify, Swiggy, Illumio, 6sense, Iterable, Alation, mParticle, Maven Clinic, Zerto
Hillhouse Capital Group
Market Kurly, Swiggy, Grail, Traveloka, Coalition, Nature's Fynd, Airwallex, Omio
InnoVen Capital
Rivigo, MobiKwik, OYO, Ather Energy, Swiggy, PharmEasy, Quikr, ZoomCar, GreyOrange
Meituan-Dianping
Mirae Asset Capital
Norwest Venture Partners
Swiggy, Quikr, Opendoor, Faire, FireEye, Exabeam, Gong.io, Grove Collaborative, HoneyBook, Omada Health
Prosus Ventures
RB Investments Pte. Ltd.
Samsung Ventures
Swiggy, RentoMojo, Noom, Plume Design, Niantic, SiFive, DriveNets, StoreDot, Pivot3, Yellowbrick Data
Tencent Holdings
Flipkart, Swiggy, Ola, Reddit, Nubank, Discord, Miniso, SoundHound, Airwallex, Blockstream
Wellington Management
Swiggy, Scopely, Cityblock Health, Attentive, HeartFlow, Skims, Urban Company, Greenlight, Guild Education, Omada Health
Funding History
| April 2015 | $2.0M |
|---|---|
| June 2015 | $16.5M |
| January 2016 | $35.0M |
| May 2016 | $7.0M |
| September 2016 | $15.0M |
| January 2017 | $5.0M |
| May 2017 | $80.0M |
| February 2018 | $100M |
| June 2018 | $210M |
| December 2018 | $1.0B |
| February 2020 | $113M |
| April 2020 | $43.0M |
| April 2021 | $800M |
| July 2021 | $450M |
| January 2022 | $700M |
Management
Chief Executive Officer
Sriharsha Majety
Chief Financial Officer
Rahul Bothra
Press
inc42 - Nov, 24 2023
Zomato, Swiggy Mulling To Approach GST Officials Over Tax Noticeeconomictimes - Nov, 24 2023
Zomato, Swiggy want to clarify stance to DGGI on tax noticetradingview - Nov, 22 2023
Indian tax authority issues notice to Zomato, Swiggy - CNBC TV18dealstreetasia - Nov, 22 2023
Zomato, Swiggy get $90m notice from India's taxmaninc42 - Nov, 22 2023
Fresh Tax Notice On Delivery Fees Puts Swiggy and Zomato In Distressinc42 - Nov, 22 2023
SoftBank Banks On Swiggy’s $1 Bn IPO For A Big Cashout In 2024businessinsider - Nov, 22 2023
Zomato, Swiggy slapped with Rs 500 crore GST each: Reporteconomictimes - Nov, 10 2023
Jio launches Swiggy One Lite subscription on prepaid plans as part of its Diwali promotionsinc42 - Nov, 9 2023
In An Industry First Move, Jio Bundles Swiggy Lite Subscription With Recharge Planinc42 - Nov, 8 2023
Swiggy Launches AI Tool To Help Restaurants Create Menu Worth Drooling Fortelecomtalk - Nov, 8 2023
Jio Launches Rs 866 Plan With Swiggy One Lite Subscriptiongadgets360 - Nov, 8 2023
Jio Swiggy One Lite Subscription for Prepaid Recharge Plans Announced: All You Need to Knowlivemint - Nov, 8 2023
Swiggy IPO planned in 2024, investment bankers picked: Reportinc42 - Nov, 4 2023
Swiggy’s Senior Executive Karthik Gurumurthy Set To Quit To Start His New Venturetrak - Oct, 26 2023
Swiggy, Zomato, Uber, Ola Delivery Partners/Drivers On Massive Strike In Pune Today: Find Out Their DemandsTechCrunch - Oct, 17 2023
Invesco raises Swiggy’s valuation to nearly $8 billionvccircle - Oct, 16 2023
Swiggy gets a valuation jump, still way below its peakbusiness-standard - Oct, 16 2023
Swiggy raises platform fee by 50% to Rs 3 on food delivery ordersinc42 - Oct, 16 2023
Swiggy Hikes Platform Fee To INR 3 For Food Ordersbwdisrupt - Oct, 11 2023
Mumbai Food Delivery Workers Strike; Impacts Swiggy, Zomato Operationseconomictimes - Oct, 10 2023
Swiggy, Zomato operations hit as delivery workers strike in Mumbaibwdisrupt - Oct, 10 2023
Swiggy Introduces 'One Lite Plan' With Free Deliveries, Other Offersbusiness-standard - Oct, 10 2023
Swiggy faces challenges after delivery workers go on strike in Mumbaigadgetsnow - Oct, 10 2023
Swiggy launches affordable Swiggy One Lite: Price, benefits and morethehindubusinessline - Oct, 9 2023
Swiggy launches ‘Lite’ plan, to take on Zomato Goldinc42 - Oct, 9 2023
Swiggy Launches Cheaper Version Of ‘Swiggy One’ To Take On Zomatobusiness-standard - Oct, 9 2023
Swiggy One Lite membership launched for Rs 99, offering discountsbusinessinsider - Oct, 4 2023
Swiggy disburses over Rs 450 cr in loans to 8000 restaurant ownersbwdisrupt - Sep, 26 2023
Deepak Shenoy, CapitalMind Calls Swiggy Billing 'Fraudulent'medianama - Sep, 24 2023
Swiggy faces the heat for showing incorrect bill breakupinc42 - Sep, 22 2023
Users Accuse Swiggy Of Overcharging, Foodtech Major Blames Technical Bugbusiness-standard - Sep, 22 2023
Swiggy accused of charging Rs 3 extra on orders, company says 'tech bug'inc42 - Sep, 17 2023
Swiggy Launches ‘Learning Station’ To Help Partner Restaurants Grow Their Businessinc42 - Sep, 15 2023
Jupiter Money Appoints Ex-Swiggy Veteran Anuj Rathi As Chief Product And Marketing Officerthehindubusinessline - Sep, 15 2023
Swiggy expands footprint in Karnatakabusiness-standard - Sep, 10 2023
Former Swiggy CTO Dale Vaz gets funding for new venture Aaritya Techbwdisrupt - Sep, 7 2023
SUN Mobility, Swiggy Partner For Last-Mile Delivery With E-bikeslivemint - Sep, 7 2023
Swiggy sees another top-level exit as SVP Anuj Rathi quits after 7-year stintbusinessinsider - Sep, 7 2023
Swiggy ties up with SUN Mobility to electrify over 15,000 bikes in its fleetentrackr - Sep, 6 2023
Exclusive: Swiggy aims to turn Instamart profitable by Marchindianexpress - Sep, 1 2023
Swiggy delivery executive makes do with tea-biscuits for a meal, leaves netizens teary-eyedeconomictimes - Aug, 31 2023
Swiggy tests bundling for ‘One’ subscriptions, experiments with pricing tiersthehindubusinessline - Aug, 28 2023
Baron Capital nearly halves Byju’s valuation, marks up Swiggy, Pine Labsinc42 - Aug, 26 2023
Swiggy Resumes IPO Preparations, Eyes 2024 Listingdealstreetasia - Aug, 26 2023
Indian food delivery firm Swiggy said to have invited investment banks for IPO pitchyourstory - Aug, 25 2023
Swiggy IPO likely in July-September 2024: Reportthehindubusinessline - Aug, 25 2023
Soon, one can book a table in a restaurant through Swiggyvccircle - Aug, 25 2023
Swiggy looking at public debut next yearfinance - Aug, 25 2023
Indian food delivery firm Swiggy restarts IPO plans, aims for 2024 listing- sourcesbwdisrupt - Aug, 18 2023
Swiggy Partners With Taiwan-based Gogoro For Last-mile Deliverydeccanchronicle - Aug, 18 2023
Gogoro, Swiggy Announce Partnershipindianweb2 - Aug, 17 2023
Swiggy Delivery Fleet Gets Gogoro's Smart Scooters and Battery Swapping Infrastructurelivemint - Aug, 17 2023
Swiggy and Gogoro announce electric vehicle partnership in Indiavccircle - Aug, 17 2023
Swiggy valuation cut again, now less than half its peak $10.7 bn taggadgetsnow - Aug, 10 2023
Swiggy introduces ‘Menu Score Tool’ for restaurant partnersindianexpress - Aug, 4 2023
The rise of generative AI: What’s new from YouTube, Adobe, Swiggy & moreeconomictimes - Jul, 28 2023
Swiggy integrates morning delivery service InsanelyGood with main appTechCrunch - Jul, 26 2023
India’s food delivery giant Swiggy launches credit cardindianweb2 - Jul, 26 2023
Swiggy Partners WhizCo for In-App Influencer Activations to Drive Sales and Increase Restaurant Visibilitybusinessinsider - Jul, 26 2023
HDFC Bank and Swiggy launch co-branded credit card – cashback, offers and moretechinasia - Jul, 24 2023
Swiggy to buy back $50 million in ESOPs from employeestechinasia - Jul, 24 2023
India-based Swiggy announces $50m ESOP programeconomictimes - Jul, 24 2023
Swiggy's staff can get cumulative $50 million under ESOP planinc42 - Jul, 23 2023
Swiggy Boards The Generative AI Bus, To Pilot Food Recommendation Tool In Septthehindubusinessline - Jul, 22 2023
Swiggy to integrate AI for voice search and filtered recommendationseconomictimes - Jul, 20 2023
Swiggy builds generative AI offering personalised recommendationsthehindubusinessline - Jul, 17 2023
Swiggy to provide data insights to restaurants for expansionfinancialexpress - Jul, 15 2023
Swiggy Genie delivery person steals Rs 82,999 Apple Watch; owner tracks him down with “this” iPhone featureinc42 - Jul, 15 2023
Swiggy Genie Service Under Scrutiny, After Exec Decamps With Customer Ordertimesofindia - Jul, 13 2023
Swiggy acquires Lynklivemint - Jul, 13 2023
Swiggy enters retail food and grocery segment with LYNK acquisitiontechinasia - Jul, 13 2023
Swiggy to acquire retail logistics startup Lynk, boosts market presenceindianexpress - Jul, 12 2023
Swiggy delivery partners protest in Ahmedabadinc42 - Jul, 11 2023
Dineout Cofounder Vivek Kapoor Quits Swiggy, Joins AyushPay As CBOeconomictimes - Jul, 5 2023
Swiggy joins co-branded credit card rusheconomictimes - Jul, 4 2023
Swiggy introduces 'WhatToEat' feature offering customised food choices to usersthehindubusinessline - Jul, 4 2023
Swiggy rolls out WhatToEat feature to discover food. Know moremedianama - Jun, 30 2023
What Prosus Annual Report Tells us About the Financial Performance of Swiggy, BYJU’S and Meesholivemint - Jun, 29 2023
Zomato, Swiggy hunger for demand uptick for better deliverylivemint - Jun, 28 2023
How Zomato has an edge over Swiggyvccircle - Jun, 28 2023
Prosus writes off ZestMoney investment; highlights Swiggy’s slowing growthinc42 - Jun, 27 2023
Invesco Maintains Swiggy’s Valuation At $5.5 Bnyourstory - Jun, 27 2023
Swiggy clocked $2.6B in GMV for FY 2023: Prosus reportthearcweb - Jun, 23 2023
Swiggy’s largest investor looks to shed stake before IPOinc42 - Jun, 22 2023
JM Financial Terms Zomato, Swiggy ‘Indispensable’ To Restaurant Industryinc42 - Jun, 12 2023
Subscription Boom: Can Differential Pricing Strategy Help Swiggy-Zomato Boost Monetisation?economictimes - Jun, 5 2023
Food-delivery firms Zomato, Swiggy clock only 7% growth in biz during IPL: reportbusiness-standard - May, 31 2023
Biryanis, condoms, Jalebi-Fafda & soup bowls: What we Swiggy'd in IPL 2023economictimes - May, 29 2023
Another top-level exit at Swiggy, SVP Anuj Rathi likely to leaveinc42 - May, 27 2023
Outgoing Swiggy CTO Dale Vaz Raises $7-$10 Mn For His Wealthtech Startupyourstory - May, 26 2023
Baron Capital cuts Swiggy's valuation for second time in 3 monthsdealstreetasia - May, 19 2023
India: Swiggy's food delivery unit turns profitable just ahead of Zomato's earningstechinasia - May, 19 2023
Food delivery major Swiggy says it’s profitable after 9 yearsinc42 - May, 19 2023
Swiggy Claims Food Delivery Profitability, But Is That The Full Picture?yourstory - May, 19 2023
Swiggy’s food delivery biz turns profitablendtv - May, 19 2023
Swiggy Turns Profitable Nearly 9 Years Since Inceptiongadgets360 - May, 19 2023
Swiggy Says Its Food Delivery Business Turned Profitable in Marchyourstory - May, 18 2023
Swiggy food delivery business has turned profitable: CEO Sriharsha Majetyindianexpress - May, 18 2023
Swiggy’s food delivery business turns profitable: CEOthehindubusinessline - May, 18 2023
Swiggy achieves profitability in food delivery biz, excluding ESOP costsinc42 - May, 16 2023
Swiggy Markdown Continues: Baron Capital Downgrades Valuation By 34% To $7.3 Bninc42 - May, 13 2023
Now, Brokerage Firm Jefferies Says ONDC Not A Threat To Zomato-Swiggy Duopolyeconomictimes - May, 11 2023
ONDC caps incentives for sellers; price difference with Swiggy, Zomato may reduceeconomictimes - May, 11 2023
Explained: ONDC vs Zomato-Swiggy and what it means for the food-delivery spacebusiness-standard - May, 10 2023
Zomato shares sink 6% after rival food delivery aggregator Swiggy markdownbusiness-standard - May, 10 2023
Swiggy, Zomato may not offer steep discounts after govt-backed ONDC moveyourstory - May, 10 2023
Swiggy, Zomato have a new competitoreconomictimes - May, 9 2023
Ditching Swiggy, Zomato? How to order food from ONDCTechCrunch - May, 9 2023
Zomato shares plunge after Invesco cut rival Swiggy’s valuationTechCrunch - May, 8 2023
Invesco cuts Swiggy valuation by half to $5.5 billionnews - May, 8 2023
Swiggy Investor Slashes Food Delivery Unicorn’s Valuation To $5.5Blivemint - May, 8 2023
Is ONDC cheaper than Zomato, Swiggy? Here's the difference in pricebusiness-standard - May, 8 2023
Govt-backed ONDC looks to take a bite from Zomato and Swiggy platebusiness-standard - May, 6 2023
Swiggy expands its premium food delivery service Gourmet to 31 citieseconomictimes - May, 4 2023
Swiggy pays Rs 31 crore to delivery workers in insurance claimsinc42 - May, 4 2023
Swiggy-Zomato Killer In The Making? Can ONDC End The Foodtech Duopoly?yourstory - May, 2 2023
Swiggy shuts down premium grocery service Handpickedentrackr - May, 2 2023
Exclusive: Swiggy in talks to raise $300 Mn in a potential downroundinc42 - May, 2 2023
Swiggy Axes Gourmet Grocery Delivery Vertical Handpickedmoneycontrol - Apr, 30 2023
Swiggy starts charging customers ‘platform fee’ on food orders in monetisation pushTechCrunch - Mar, 31 2023
US investors slash Byju’s and Swiggy valuationeconomictimes - Jul, 28 2022
Swiggy workers go on strike again, this time in Delhieconomictimes - Jul, 28 2022
Swiggy begins selling private label brand Supreme Harvest on Instamartfinance - Jul, 22 2022
Domino's India may shift business away from delivery firms Zomato and Swiggybit - Jul, 21 2022
Swiggy appoints first food delivery CEObusiness-standard - Jun, 2 2022
Swiggy plan offers unlimited free deliveries from restaurants 10 km awayBusiness Insider India - Jan, 24 2021
CAIT seeks action against Amazon, Zomato, Flipkart and Swiggy for 'daylight robbery'inc42 - Jan, 20 2021
Swiggy Ends Grocery Marketplace Experiment As Focus Turns To Dark Storessplento - Jan, 20 2021
So just what is Delivery Engine Optimisation (DEO)?ift - Jan, 9 2021
Swiggy, Instakart under tax lens over fake GST claimsTimes of India - Jan, 5 2021
Amazon, Swiggy’s payment processor hit by data breachEconomic Times - Dec, 31 2020
Swiggy, Zomato & Co. set to end 2020 with a bangBusiness Insider India - Nov, 20 2020
Swiggy says it saw a 30% jump in orders for food delivery during IPL seasonForbes - Aug, 26 2020
Riders For Indian Food Delivery Firm Swiggy Return To Chennai After Pay StrikesWARC - Jul, 29 2020
Swiggy battles food delivery slumpTechCrunch - May, 18 2020
India’s Swiggy to cut 1,100 jobs, scale down cloud kitchen operationsPymnts - Apr, 6 2020
India’s Swiggy Lands $43B To Continue Branching Out Beyond Food DeliveryTechCrunch - Feb, 26 2020
Amazon all set to enter India’s food delivery marketTechCrunch - Feb, 19 2020
India’s Swiggy raises $113M led by ProsusEquityZen does not have an affiliation with, formal relationship with, or endorsement from any companies featured above. This profile is based on publicly available information and is intended to be informative in nature.
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