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.
- Articles(2021)
- Videos(12)
Daily Capsule
The fast and furious rise of quick commerce; Creating AI agents
Team YS | December 26, 2024
The exponential growth in quick commerce has attracted newer ventures, and at the same time, brought in scrutiny and competition checks.
In Depth
In 2024, quick commerce growth boomed. Players now eye the sweet spot of profitability
Akshita Toshniwal | December 26, 2024
With consumers looking at quick commerce players like Zepto, Blinkit, and Instamart for everything, from eggs to iPhones, the companies now aim for profitability and expansion.
News
Workplace solutions provider IndiQube files DRHP, eyes Rs 850 Cr IPO
Sai Keerthi | December 24, 2024
The offering consists of a fresh issue of equity shares of up to Rs 750 crore and an offer for sale of equity shares of up to Rs 100 crore.
News
Historic Rs 1.6 lakh Cr raised via IPOs in 2024, bigger boom expected in 2025
Press Trust of India | December 22, 2024
Companies of varying market capitalisations—large, mid, and small—tapped into the IPO route in 2024, with the average issue size rising significantly from Rs 867 crore in 2023 to over Rs 1,700 crore in 2024.
Daily Capsule
Startups won public markets in 2024; Edtech learnings in 2024
Team YS | December 21, 2024
Thirteen startups became publicly listed entities this year. In 2024, the edtech sector's hyper-growth mentality began to shift. Once launched, rockets often end up in the oceans, where they are often left. In an attempt to change this, SpanTrik is developing reusable rocket launch vehicles.
Social Media
Quiet quitting, misinformation busting: Key social media movements that made waves in 2024
Saranya Chakrapani | December 21, 2024
From grassroots campaigns addressing ethnic strife and misinformation, to movements advocating for environmental sustainability and healthier work cultures, digital campaigns played an important role in impacting and reshaping public discourse this year.
Corporate
Startup IPOs in 2024: Private markets were cold but public markets were warm and welcoming
Thimmaya Poojary | December 20, 2024
2024 was a defining year for the Indian startup ecosystem with more than a dozen companies getting publicly listed, setting the stage for a promising 2025.
