Swiggy
Founded Year
2014Stage
Secondary Market - III | AliveTotal Raised
$3.572BRevenue
$0000Mosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
+40 points in the past 30 days
About Swiggy
Swiggy operates as an on-demand delivery platform in the food service industry. Its main service is providing a platform for customers to order food online from various restaurants. Swiggy primarily serves the food delivery industry. It was founded in 2014 and is based in Bengaluru, India.
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ESPs containing Swiggy
The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.
The on-demand restaurant delivery market facilitates flexible delivery of restaurant meals to customers using a mobile application or website. These services enable restaurants to deliver food directly to customers’ doorsteps. Common features for customers include order tracking, the ability to see customer reviews, and the ability to select from various restaurants.
Swiggy named as Leader among 15 other companies, including Uber, DoorDash, and Deliveroo.
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Research containing Swiggy
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Swiggy in 5 CB Insights research briefs, most recently on Dec 22, 2023.
Dec 22, 2023
5 supply chain markets gaining momentum in 2024
Expert Collections containing Swiggy
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Swiggy is included in 6 Expert Collections, including Supply Chain & Logistics Tech.
Supply Chain & Logistics Tech
5,634 items
Companies offering technology-driven solutions that serve the supply chain & logistics space (e.g. shipping, inventory mgmt, last mile, trucking).
Unicorns- Billion Dollar Startups
1,249 items
Grocery Retail Tech
648 items
Startups providing B2B solutions to grocery businesses to improve their store and omni-channel performance. Includes customer analytics platforms, in-store robots, predictive inventory management systems, online enablement for grocers and consumables retailers, and more.
On-Demand
1,244 items
Food & Meal Delivery
1,531 items
Startups and tech companies offering online grocery, food, beverage, and meal delivery services.
Tech IPO Pipeline
257 items
The tech companies we think could hit the public markets next, according to CB Insights data.
Latest Swiggy News
Oct 25, 2024
As per reports, this cut is due to market volatility and also the ongoing correction in the stock market Swiggy 2 min read Copied BENFALURU: IPO-bound food delivery platform Swiggy, which was earlier targeting a USD 15 billion valuation, is now aiming for a valuation of USD 12.5 billion-USD 13.5 billion for its upcoming IPO due to market volatility. As per reports, this cut is due to market volatility and also the ongoing correction in stock markets. When TNIE asked about it, Swiggy didn’t respond to the query. Meanwhile, reports also indicate that Swiggy, which competes with Zomato, might make its D-street debut in the second week of November. Recently, US asset manager Invesco raised the platform’s valuation to about USD 13.3 billion. Invesco holds a 2% stake in the company. Swiggy’s revenue from operation as of June 30, 2024 stood at Rs 3,222.217 crore compared to Rs 2,389.818 crore reported in the year-ago period. Founded in 2014, Swiggy launched its quick commerce platform Instamart in August 2020. Amid the festive season, Zomato has increased its platform fee in certain cities. Swiggy is also said to have hiked its platform fee. Zomato in a regulatory filing said, “We have indeed increased the platform fee yesterday (Wednesday) across certain cities. Such changes in our platform fee are a routine business matter and are done from time to time and may vary from city to city.” Swiggy has also introduced Swiggy Seal, an initiative aimed at raising hygiene and food quality standards across lakhs of restaurant partners on its platform. It has teamed up with agencies like Eurofins, Equinox, and others to offer restaurants access to professional hygiene audits at exclusive rates, it said. Swiggy has introduced the Swiggy Seal badge in Pune and will roll it out to other cities soon. Also, the platform recently topped the list of Fairwork India Ratings 2024 with a cumulative score of 6/10. The platform was ranked second in 2023. The ranking, which evaluates the working conditions of platform workers across the country, highlights Swiggy’s ongoing commitment to improving the working conditions of its delivery partners in the fast-evolving platform economy.
Swiggy Frequently Asked Questions (FAQ)
When was Swiggy founded?
Swiggy was founded in 2014.
Where is Swiggy's headquarters?
Swiggy's headquarters is located at Outer Ring Road Devarbisanahalli Varthur, Bengaluru.
What is Swiggy's latest funding round?
Swiggy's latest funding round is Secondary Market - III.
How much did Swiggy raise?
Swiggy raised a total of $3.572B.
Who are the investors of Swiggy?
Investors of Swiggy include Jeet Chandan, Meet Jain, Ritesh Malik, Madhuri Dixit Nene, Modern Insulators and 41 more.
Who are Swiggy's competitors?
Competitors of Swiggy include Zepto, Rebel Foods, Eatigo, Dunzo, Dot and 7 more.
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Compare Swiggy to Competitors
Rappi operates as a tech company focusing on digital commerce and delivery services. The company offers a platform for ordering food, supermarket goods, and pharmacy products online, with a delivery service to customers' locations. Rappi partners with restaurants and stores to facilitate their access to a wider customer base through its app. It was founded in 2015 and is based in Mexico City, Mexico.
Dunzo is an all-in-one 24X7 delivery platform operating in the quick urban logistics sector. The company offers a wide range of services including the delivery of groceries, food, medicines, pet supplies, and couriering packages across the city. Dunzo primarily serves the ecommerce industry, facilitating instant delivery services for various consumer needs. It was founded in 2015 and is based in Bengaluru, India.
EatClub Brands is a technology-driven company specializing in cloud kitchen operations within the food delivery industry. The company manages a network of 250+ kitchens, offering services that encompass the entire food preparation and delivery process, ensuring high-quality ingredients, consistent food quality, and a superior customer experience. EatClub Brands operates popular food brands and provides an online ordering platform, the EatClub App, which offers benefits like discounts and no delivery or packaging fees. It was founded in 2012 and is based in Mumbai, India.
FreshMenu is a food delivery company operating in the food and beverage industry. The company offers a variety of cuisines for home delivery, including Chinese, Continental, and Mexican food. The food is prepared by in-house chefs and delivered fresh to customers' doorsteps. It was founded in 2014 and is based in Bengaluru, India.
BigBasket is an online supermarket focusing on grocery delivery services. The company offers a wide range of products including fresh produce, dairy, meat, household essentials, and branded food items, catering to the daily needs of customers. BigBasket serves a broad consumer base with services like scheduled slotted deliveries and an expedited delivery option called bbnow for immediate needs. It was founded in 2011 and is based in Bangalore, India. BigBasket operates as a subsidiary of Tata Group.
Slice provides technology, data insights, targeted marketing, and collective buying power to help independent pizza restaurants serve digitally-minded customers and grow their businesses. The platform primarily caters to the food service industry, specifically local pizzerias looking to expand their digital presence and reach. Slice was formerly known as MyPizza. The company was founded in 2010 and is based in New York, New York.
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