Swiggy Journey

Swiggy's Founder and History

Swiggy is an Foodtech Unicorn of India, founded in the month of August, 2014 by a group of three co-founders.

Its co-founders includes Nandan Reddy, Sriharsha Majety, Rahul Jaimini.

This has its headquarter located at Bangalore, Karnataka, India.

It also a result of the three peoples minds who become motivated from Zomato.

Their was some loop hole in the services of Zomato which is that it was only available in few cities in that time and also the delivery of Zomato was not that much good in that time.

So the team or founders Swiggy see it as a problem and started their own platforms as a food delivery network and become successful in very sort time of period.

According to Wikipedia it currently operating its services around 500+ cities all over the India.

It's a platform where a hotel or restaurant can do partnership and can offer food delivery online.

The working procedure of Swiggy and Zomato is approximately same. It also known as a one of largest competitor of Zomato.

Swiggy Unicorn Status

If we discuss here that when Swiggy become a Unicorn?, Then the answer of this question is after 4 years of its foundation in the month of June, 2018.

At the time when it become a part of Indian unicorns list its entry valuation recorded approx. 1.4 billion dollars.

Swiggy's Investors

 Accel, Elevation Capital, Norwest, Naspers, Tencent, Invesco are known as key investors of Swiggy.

No doubt that their are multiple other investors invested in Swiggy's, but the peoples or companies or ventures who highly invested on Swiggy are the names listed above.

It also achieve a valuation of 10.7 billions dollars after the last round of funding by investors.

Multiple factors are their which become key reasons to make Swiggy a Unicorn or India.

Some of them are like masterminds behind foundation, proper applicability of information technology in the platform.

Other factors includes proper funding, choose those cities for offering services which actually required such kinds of services and so on.