Swiggy: Founders, Funding and Valuation

Last Modified: Sat Dec 29 2018 14:31:00 GMT+0530 (India Standard Time)
  • Dec 2013
    Incorporated as Bundl Technologies, Swiggy was founded by CEO Sriharsha Majety, the 32-year-old BITS Pilani and IIM Calcutta alumnus, along with Nandan Reddy and Rahul Jaimini (CTO).
  • 42
    Number of cities in India in which it currently delivers food. This is up from just 7 cities in Mar 2017.
  • 28 million
    Estimated orders per month.
  • Rs. 442 crore
    Revenue in FY18, up by more than 3x from Rs. 133 crore in FY17.
  • Rs. 397 crore
    Loss in FY18, up by 93% compared to FY17.
  • 120,000
    Estimated number of personnel that are part of their delivery fleet.
  • $1 billion
    Funding raised from existing investor Naspers with a $660-million cheque, besides newcomers Tencent and hedge funds Hillhouse Capital and Wellington Management, bringing the total funding raised in 2018 to $1.31 billion. The company had raised $155 in earlier funding through 2017.
  • $3.3 billion
    Value of the company at the close of the Dec 2018 round of funding, making it India’s sixth most-valued private internet company.