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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FoodTech
Zomato, Swiggy see significant fall in share prices
Thimmaya Poojary | January 21, 2025
The fall in share prices of the food delivery and quick commerce companies, particularly Zomato, can be attributed to its lower-than-expected profit numbers.
Ecommerce
BIS proposes guidelines to regulate online retail practices
Anuj Suvarna | January 21, 2025
The draft, titled ‘E-Commerce: Principles and Guidelines for Self-Governance’, comes amid growing concerns over consumer protection and trust erosion. By setting clear norms, the BIS seeks to curb unethical practices while promoting transparency and accountability across platforms.
Daily Capsule
D2C cos join offline legacy brands; The story of a new Assam
Team YS | January 18, 2025
Several brands in the D2C beauty and personal care segment are exploring strategic options, including Wow Skin Science, which is reportedly seeking buyers at $250 million, down from its previous $400 million valuation.
Funding
[Weekly funding roundup Jan 11-17] VC inflows continue to rise steadily
Thimmaya Poojary | January 17, 2025
The Indian startup ecosystem is witnessing a steady increase in venture capital funding with the early stage segment leading the way.
News
Startup and news updates: Daily roundup (January 16, 2025)
Team YS | January 16, 2025
Funding news: Age-Tech Startup Sukoon Unlimited raises $430K in pre-seed funding Sukoon Unlimited, an age-tech startup and community-driven platform "For Seniors, By Seniors," has raised $430K in a pre-seed funding round, This round saw participation from investors like Anchorage Capital Par
News
Shoppers unhappy with poor return policies, counterfeit goods on ecommerce platforms: Report
Akshita Toshniwal | January 16, 2025
About one-third users are not happy with any quick commerce platform's return guidance. Bigbasket is most preferred platform while Zepto trends with lowest preference among users.
News
Swiggy expands into sports as it looks to go beyond food, grocery segments
Anuj Suvarna | January 16, 2025
In the July-September earnings call, the foodtech giant announced the creation of Swiggy Sports to house the pickleball team it acquired in November 2023.