Swiggy eyes 100 mn customers using the app over 15 times a month in 10-15 years
5 years, 2 months ago

Swiggy eyes 100 mn customers using the app over 15 times a month in 10-15 years

Live Mint  

Bengaluru: Swiggy, which is by far India’s best-funded food delivery start-up, has set ambitious targets for itself. The Bengaluru-headquartered firm aims to have 100 million customers transacting with it over 15 times a month in the next 10-15 years, said Sriharsha Majety, co-founder and chief executive officer, Swiggy, at Gigabytes, the company’s hyperlocal innovation summit, held on Friday. Currently, Swiggy, India’s largest food ordering and delivery platform, clocks nearly 1.4 million food orders daily across India, compared with about 700,000 orders per day a year ago. “We believe 75% of the demand will come from the supply which doesn’t exist today,” said Majety, adding that today Swiggy is the most frequently ordered service. Last year, it acquired hyper-local delivery startup Supr Daily and has launched Swiggy Stores, a service to deliver household items like groceries, flowers, medicines, among others, at a customer’s doorstep.

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History of this topic

Swiggy launches new standalone app SNACC. Here's all you need to know
Trending News
1 day, 8 hours ago

Swiggy launches new standalone app SNACC. Here's all you need to know

India Today  

Bengaluru-based food delivery company Swiggy has launched a new app called SNACC, which is focused on delivering snacks, beverages, and quick meals within 10 to 15 minutes. The app can be downloaded on both Android and iOS platforms, signaling Swiggy’s foray into the ultra-fast food delivery space, a market segment that's growing rapidly. With this move, Swiggy is entering a …

Swiggy launches 'invite only One BLCK' premium membership with industry-first benefits: All you need to know
3 weeks, 5 days ago

Swiggy launches 'invite only One BLCK' premium membership with industry-first benefits: All you need to know

Hindustan Times  

Online food ordering and delivery company Swiggy India on Wednesday unveiled its new 'invite only' premium membership, 'One BLCK.' The 'One BLCK' membership, which offers a range of exclusive benefits across Swiggy's various services, including food delivery, quick commerce, and dining out, will be available by invitation only. Swiggy's 'One BLCK' membership: All you need to know The ‘One BLCK’ …

Swiggy launches ’One BLCK’, an invite-only premium membership: Know price, benefits and more
4 weeks ago

Swiggy launches ’One BLCK’, an invite-only premium membership: Know price, benefits and more

Live Mint  

India's food-delivery platform Swiggy has unveiledOne BLCK, an exclusive, invitation-only membership aimed at consumers seeking premium convenience and enhanced service levels. Benefits and perks In addition to the new benefits, One BLCK members will retain all features of the existing Swiggy One membership, including unlimited free food and Instamart services deliveries and exclusive discounts on food delivery and dining via …

Swiggy eyes profitability by Q3 of FY26
1 month ago

Swiggy eyes profitability by Q3 of FY26

New Indian Express  

BENGALURU: Food delivery platform Swiggy at the consolidated group level aims to turn operationally profitable by October-December 2025. Swiggy’s food delivery business is profitable on an adjusted EBITDA basis and it is ramping up margins steadily every quarter. Sriharsha Majety, co-founder, MD & Group CEO, in a letter to shareholders said food delivery business’ GOV grew 5.6% QoQ in Q2FY25. …

Swiggy plans to add over 430 Instamart dark stores by March, eyes contribution break-even next year
1 month ago

Swiggy plans to add over 430 Instamart dark stores by March, eyes contribution break-even next year

Live Mint  

Newly listed food and grocery delivery firm Swiggy is looking to increase its Instamart dark store count from around 600 to nearly 1,046 by March 2025 as well as increase their average size by 30-35% to keep up with the growing demand for wider assortment in the highly competitive quick commerce sector. Overall, Swiggy expects to more than double its …

Swiggy to take 10-minute Bolt food delivery to tier 2 and 3 cities; Roorkie, Patna & Nashik on list
1 month ago

Swiggy to take 10-minute Bolt food delivery to tier 2 and 3 cities; Roorkie, Patna & Nashik on list

Live Mint  

The food delivery and quick commerce platform Swiggy Limited on Monday announced that it was expanding its Swiggy Bolt delivery business to key markets in tier 2 and tier 3 cities and towns. The Bolt business allows users to order food in 10 minutes from popular restaurants and QSRs, Swiggy said in an official statement. Idlis come warm and fluffy, …

Swiggy invites delivery partners to ring the listing bell: ‘Sharing gratitude’
1 month, 3 weeks ago

Swiggy invites delivery partners to ring the listing bell: ‘Sharing gratitude’

Hindustan Times  

Food delivery giant Swiggy, which was listed on the exchanges on November 13, had two of its delivery partners join its leadership team, including co-founders Sriharsha Majety and Nandan Reddy, to ring the ceremonial bell at the National Stock Exchange. Khan, a Bengaluru native, joined Swiggy seven years ago, fresh out of college while he was facing a difficult personal …

Swiggy shares list at 8% premium over issue price, beating GMP estimates
Trending News
1 month, 3 weeks ago

Swiggy shares list at 8% premium over issue price, beating GMP estimates

India Today  

Swiggy shares made a decent debut on the stock exchanges, beating grey market estimates as they began trading on the NSE with a 7.69% premium above their IPO price of Rs 390, opening at Rs 420. The grey market premium of Swiggy before the shares got listed was just Rs 1 and suggested a weak debut on the stock market, …

Swiggy IPO: Navigating a competitive landscape. Can it deliver?
2 months ago

Swiggy IPO: Navigating a competitive landscape. Can it deliver?

Live Mint  

Swiggy, the food-delivery and quick-commerce giant, is poised to make its much-anticipated market debut, aiming to raise ₹11,327 crore through its initial public offering, with shares priced between ₹371 and ₹390 apiece. “Swiggy’s approach of an integrated app offering versus Zomato’s multi-app approach helps it innovate faster," Motilal Oswal said in a report. With a compound annual growth rate of …

Create your Eastlist with Swiggy
5 months, 3 weeks ago

Create your Eastlist with Swiggy

The Hindu  

The fear of something new not meeting one’s taste expectations usually makes one stick to familiar dishes. To make ordering food fun and experimental, Swiggy launches ‘Eatlist’. The food delivery platform claims the initiative for an eatlist is a ‘global first’ among food aggregators. ‘Eatlist’ is a feature in food delivery that is meant to assist users discover and share …

Holiday fever: Swiggy ties up with Simpl for 1 tap checkout ahead of New Year
1 year ago

Holiday fever: Swiggy ties up with Simpl for 1 tap checkout ahead of New Year

Live Mint  

To ease the shopping experience of its users during the upcoming holiday season, online delivery platform, Swiggy, has collaborated with Simpl, to introduce 1-Tap Checkout. Simpl's 1-Tap Checkout feature will be available across food delivery, Swiggy Instamart, dineout, and Swiggy Genie. With this partnership, millions of customers across the country will be able to place orders from over 2.9 lakh …

Swiggy hikes platform fee to ₹3 on food delivery orders: Report
1 year, 2 months ago

Swiggy hikes platform fee to ₹3 on food delivery orders: Report

Live Mint  

Swiggy has hiked the platform fee on food delivery orders to ₹3 per order, which marks a 50 percent jump as compared to the existing platform fee of ₹2, a report in The Economic Times stated on October 16. The Bengaluru-based food delivery aggregator has been applying the platform fee on food orders from April this year. The platform fee …

Swiggy brings ₹99 plan: 10 free food deliveries, exclusive discounts | Details
1 year, 2 months ago

Swiggy brings ₹99 plan: 10 free food deliveries, exclusive discounts | Details

Hindustan Times  

Swiggy, the food delivery platform, has introduced an affordable membership plan, named “Swiggy One Lite”. Priced at just ₹99 for a three-month subscription, Swiggy One Lite caters to a wide array of user needs, spanning food delivery, grocery shopping, as well as pick-up and drop services. In a bid to make the deal even more lucrative, Swiggy One Lite members …

Swiggy starts charging Rs 2 per food order from users to earn money, improve performance
1 year, 8 months ago

Swiggy starts charging Rs 2 per food order from users to earn money, improve performance

India Today  

Swiggy, a food delivery giant, has begun charging all users a nominal “platform fee” of Rs 2 per order. Swiggy's CEO and co-founder, Sriharsha Majety, attributed the platform fee introduction to the slowdown in the delivery business, which has impacted the company's growth rate. Analysts suggest that while the platform fee may seem small, it could generate a significant corpus …

Swiggy lays off over 6% staff to tame costs
1 year, 11 months ago

Swiggy lays off over 6% staff to tame costs

Live Mint  

Food and grocery delivery aggregator Swiggy has laid off 380 employees or nearly 6% of its 6,000-strong staff, becoming the latest to join the flurry of layoffs in India’s startup ecosystem. The delivery platform’s co-founder and chief executive, Sriharsha Majety cited macroeconomic headwinds and a shrinking growth of food delivery businesses as the reason behind the layoffs. “While our cash …

Online food delivery platform Swiggy to lay off 380 employees: Report
1 year, 11 months ago

Online food delivery platform Swiggy to lay off 380 employees: Report

Hindustan Times  

Online food delivery platform Swiggy is reportedly laying off 380 employees and shutting down its meat marketplace, a move which its co-founder and chief executive officer termed as ‘difficult decision'. In an internal email to his employees, co-founder and CEO Sriharsha Majety said the company had advanced its plans for profitability and needed to make difficult decisions to conserve cash, …

Swiggy delivered 3.5 lakh Biriyanis on New Year’s Eve, 75.4% were THIS variety
2 years ago

Swiggy delivered 3.5 lakh Biriyanis on New Year’s Eve, 75.4% were THIS variety

Live Mint  

Food delivery aggregators have once again successfully satisfied the foodie in millions of Indians celebrating on New Year's Eve. Swiggy on Sunday informed that on New Year's Eve, 31 December 2022, the food delivery aggregator has delivered 3.5 lakh biriyani and 2.5 lakh pizza across the country. Bawarchi, one of top biryani selling restaurants in Hyderabad delivered two biryanis per …

Three Indian cities placed more orders than the population of Canada, Swiggy finds
2 years, 4 months ago

Three Indian cities placed more orders than the population of Canada, Swiggy finds

The Hindu  

Two years after introducing Swiggy Instamart, an instant delivery service, the company shared that it now has close to nine million lifetime users in more than 25 cities. With metro cities, Bangalore, Mumbai, Hyderabad and Chennai placing the most orders The company also shared that Mumbai, Bangalore, Delhi, Chennai and Hyderabad saw the maximum orders for distress items. The company …

Swiggy raises $700 million in Invesco-led funding
2 years, 11 months ago

Swiggy raises $700 million in Invesco-led funding

The Hindu  

Swiggy on Monday said it has raised $700 million in new funding led by Invesco. The round also saw participation from new investors such as Baron Capital Group, Sumeru Venture, IIFL AMC Late Stage Tech Fund, Kotak, Axis Growth Avenues AIF- I, Sixteenth Street Capital, Ghisallo, Smile Group and Segantii Capital. Swiggy’s existing investors Alpha Wave Global, Qatar Investment Authority, …

Know How Blinkit Aims To Push 10-Minute Grocery Delivery Amid Competition
3 years ago

Know How Blinkit Aims To Push 10-Minute Grocery Delivery Amid Competition

ABP News  

Bengaluru: Betting on the 10-minute instant delivery of grocery, e-commerce company Grofers’ Founder and Chief Executive Officer Albinder Dhindsa announced rebranding of the platform as Blinkit on Monday. In a move to push its quick commerce offering across Indian cities, the company has partnered with local store owners and following a ‘dark store strategy’ dedicated towards online e-commerce deliveries. Blinkit …

Not technical glitch, this reason prompted Swiggy to address all its users as Suryakant
3 years, 9 months ago

Not technical glitch, this reason prompted Swiggy to address all its users as Suryakant

India Today  

Swiggy users went into a tizzy when they received a mail addressed to them as “Suryakant” from the food-delivery giant. Within minutes, users across the country took to social media to call out the seeming “error” in Swiggy’s communication. For the unversed, Swiggy offers a membership plan to users called the Swiggy Super, which waves off the delivery fee of …

Swiggy to onboard nearly 30,000 street food vendors under PM SVANidhi scheme
4 years ago

Swiggy to onboard nearly 30,000 street food vendors under PM SVANidhi scheme

Hindustan Times  

Food delivery platform Swiggy on Thursday announced the expansion of its “Street Food Vendors” programme to 125 cities under the Prime Minister Street Vendor’s Atmanibhar Nidhi scheme. PM SVANidhi or Pradhan Mantri Street Vendor’s Atmanirbhar Nidhi scheme, was launched on June 1, 2020, by the ministry of housing and urban affairs to help street vendors, who were impacted by the …

Swiggy turns to hyperlocal
4 years, 3 months ago

Swiggy turns to hyperlocal

Live Mint  

Bengaluru: Food tech unicorn Swiggy has ventured into different hyperlocal categories in a bid to get dormant customers back and give them more reasons to use the app, as food delivery volumes continue to be impacted from the ongoing pandemic. In sharp contrast, its rival Zomato, which entered the grocery delivery space earlier this year, scaled back its hyperlocal services …

After Zomato, Swiggy starts grocery delivery service in some cities
4 years, 9 months ago

After Zomato, Swiggy starts grocery delivery service in some cities

India Today  

Struggling to source grocery items in the times of coronavirus? Worry no more as the food-delivery app Swiggy has now started delivering groceries and other essential items in tier 1 and tier 2 cities. As per a report published in Gadgets 360, the company will deliver in tier 1 and tier 2 cities and has also made its Swiggy Go …

Swiggy explains reason behind the difference in online and offline food prices
4 years, 11 months ago

Swiggy explains reason behind the difference in online and offline food prices

India Today  

Swiggy users have always complained about the difference in food prices offline and online. Addressing the concerns of a Twitter user from Bengaluru, who had highlighted the discrepancy in prices, Swiggy issued a clarification and wrote that the change in prices can happen due to the restaurant’s policies. However, the prices might be different online and offline as it is …

Not just food: Swiggy launches pick-up and drop service in Bengaluru
5 years, 4 months ago

Not just food: Swiggy launches pick-up and drop service in Bengaluru

Live Mint  

Food ordering and delivery platform Swiggy today announced its latest service in Bengaluru 'Swiggy Go'. The company has further said that its new feature is perfect for today's fast moving lifestyle and and will help the people who run small businesses and requires to deliver frequently.The company added that its delivery fleet will help in deliver anything ranging from baked …

Fast food giants got bulk of our orders in 5 years: Swiggy
5 years, 5 months ago

Fast food giants got bulk of our orders in 5 years: Swiggy

India TV News  

Although biryani is the most popular dish in the country, Indians are far from cutting down on the consumption of fast foods which are often blamed for rise in obesity, suggests new data from online food delivery platform, Swiggy. Subway, Domino's Pizza, McDonald's and Burger King clocked the highest number of orders in the past five years, said Swiggy, which …

Swiggy closes in on $750 million fundraise
5 years, 5 months ago

Swiggy closes in on $750 million fundraise

Live Mint  

Online food delivery startup Swiggy is in advanced stages of closing a $700-750-million round led by existing investor Naspers, said two people familiar with the matter, requesting anonymity. “If existing or new investors don’t give the remaining amount, Naspers may put in more.” Swiggy, STIC Investment and Korea Omega Investment did not respond to Mint’s queries till press time. Once …

Swiggy launches 'Daily' app for homestyle meals
5 years, 7 months ago

Swiggy launches 'Daily' app for homestyle meals

India TV News  

Homegrown food delivery start-up Swiggy on Monday launched "Swiggy Daily", an app to give consumers access to a variety of simple homestyle meals prepared by home chefs, tiffin service providers and organised vendors. With a mix of organised vendors and home chefs, Swiggy Daily will cater to this latent demand for homestyle meals that are an affordable, long-term solution for …

Swiggy launches 'Daily' app for ordering tiffins, homestyle meals
5 years, 7 months ago

Swiggy launches 'Daily' app for ordering tiffins, homestyle meals

Live Mint  

Gurugram: Indian food delivery start-up Swiggy on Monday launched a new service to give consumers access to a variety of simple homestyle meals prepared by home chefs, tiffin service providers and organised vendors. With a mix of organised vendors and home chefs, Swiggy Daily will cater to this latent demand for homestyle meals that are an affordable, long-term solution for …

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