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).
Number of cities in India in which it currently delivers food. This is up from just 7 cities in Mar 2017.
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.
Estimated number of personnel that are part of their delivery fleet.
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.
Value of the company at the close of the Dec 2018 round of funding, making it India’s sixth most-valued private internet company.