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YSTV

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.

News

Startup news and updates: Daily roundup (November 22, 2024)

Team YS | November 22, 2024

YourStory presents the daily news roundup from the Indian startup ecosystem and beyond. Here's the roundup for Friday, November 22, 2024.

Logistics

BlackBuck app owner Zinka Logistics closes 7% lower on listing day

Sai Keerthi | November 22, 2024

The BlackBuck app owner listed at a premium of over 2% when markets opened for trading today.

Funding

Zepto raises additional $350M, its third funding round in 6 months as it expands rapidly

Akshita Toshniwal | November 22, 2024

Zepto, which competes with Instamart and Blinkit, has been steadily ramping up its dark store operations and categories to woo investors.

Trends

Zomato Chief of Staff hiring: Social media users kickoff a memefest

Debolina Biswas | November 21, 2024

Social media users take to X (formerly Twitter) and LinkedIn to show off their meme-skills after Zomato CEO Deepinder Goyal stirred controversy with his Chief of Staff hiring post.

News

Startup news and updates: Daily roundup (November 21, 2024)

Team YS | November 21, 2024

YourStory presents the daily news roundup from the Indian startup ecosystem and beyond. Here's the roundup for Thursday, November 21, 2024.

FoodTech

Swiggy launches kitchen equipment procurement service for restaurants

Akshita Toshniwal | November 20, 2024

While Swiggy expects its quick commerce segment to outgrow its core food delivery business, it is still focusing on adding a host of auxiliary services to woo and retain restaurant partners.

Government

Karnataka can become global hub for emerging tech through skilling: Priyank Kharge

Thimmaya Poojary | November 19, 2024

The Karnataka government aims to back emerging deeptech startups to make the state a global hub for innovation

Government

Karnataka govt unveils new initiatives to maintain tech lead at BTS 2024

Team YS | November 19, 2024

The three-day Bengaluru Tech Summit 2024 aims to foster partnerships and showcase the policies that will boost the technology sector in Karnataka.