Startup of swiggy

#swiggy

Swiggy is India’s largest online food ordering and delivery platform, founded in 2014. Swiggy is based in Bangalore, India, and as of March 2019, was operating in 100 Indian cities.In early 2019, Swiggy expanded into general product deliveries under the name Swiggy Stores.Swiggy Swiggy logo.svgType of business Private Available inEnglishFounded2014; 7 years ago Headquarters Bangalore, India Area served300+ cities across India Founder(s)Nandan Reddy Sriharsha Majety Rahul Jaimini Key people Sriharsha Majety (CEO)Vivek Sunder (COO)Rahul Bothra (CFO)Dale Vaz (CTO)Industry Online food ordering Services Food delivery Revenue Increase ₹ 2,776 crore (US$390 million) (2020)Profit Negative increase ₹−3,768 crore (US$−530 million) (2020) Parent Bundl Technologies Private Limited[3]URLwww.swiggy.comAdvertisingYesRegistrationOptionalCurrent status Active Native client(s) on Android, iOS, website In September 2019, Swiggy launched instant pickup/dropoff service Swiggy Go.[10] The service is used for a diverse array of items, including laundry and document or parcel deliveries to business clients and retail customers.Swiggy is operated by Bundl Technologies Private Limited.

History:

In 2013, the two founders, Nandan Reddy and Sriharsha Majety, designed an e-commerce website called Bundl to facilitate courier service and shipping within India. Bundl was halted, and was rebranded to enter the food delivery market. At the time, the food delivery sector was in turmoil as several notable startups, such as Foodpanda (later acquired by Ola Cabs), TinyOwl (later acquired by Zomato) and Ola Cafe (later closed) were struggling. Majety and Reddy approached Rahul Jaimini, formerly with Myntra, and founded Swiggy and parent holding company Bundl Technologies in 2014.The company built a dedicated delivery network and grew rapidly, primarily driven by the focus on logistics and locking in key resources.In May 2020, Swiggy laid off 1100 employees during the COVID-19 pandemic.In August 2020, the company launched their groceries delivery platform called InstaMart.In 2021 the company announced that it would cover the vaccination cost for its delivery partners.In March Swiggy set up Health Hub across Chennai, Tamil Nadu.In June 2021, Swiggy and ANRA Technologies joined hands to introduce drone delivery trials in India.