• About Us
  • Submit Your Story or Interview
  • Advertise with US
  • Career
  • Contact Us
  • Write For us
startup insider
  • Home
  • News & Updates
  • Startup Stories
  • Interviews
  • Press Release
  • Blog
  • Submit Your Story or Interview
No Result
View All Result
  • Home
  • News & Updates
  • Startup Stories
  • Interviews
  • Press Release
  • Blog
  • Submit Your Story or Interview
No Result
View All Result
startup insider
No Result
View All Result
Home Startup Stories

Swiggy Startup Success Story – In-Depth Analysis

Rishi Raj by Rishi Raj
in Startup Stories
0
Swiggy
Share on FacebookShare on Twitter

India is emerging as a digital revolution at a rapid pace in today’s times. Earlier, we used to rush into the market to buy small and oversized items. Today, we can order anything from our own online website or application and order anything at home. As a link, ordering food through online websites or applications has become a fashion in today’s time.

When people return home from their work, their thinking is that they get their ready-to-eat food at home, and this happens mostly with people where women also return home from their work. Keeping this link in mind, the three friends created a lot of panic in India’s food industries by starting the startup of online food delivery company SWIGGY.

Started from the startup of the logistics company “Bundle.”

According to SWIGGY founder Sriharsha Majetti, he started with two other friends Nandan Reddy and Rahul Jaimini. After completing his engineering studies, Sriharsha worked in a bank for about 1 year, but he had a desire to start his own startup from the beginning, due to which he resigned from his bank job.

Talks with friend Nandan Reddy to create their own startup, after which both of them started their own startup company “Bundl,” but this startup could not run for a long time and failed in 2014. He closed his company.

Swiggy

Swiggy started with five delivery buys.

After seeing the failure of his logistics company “Bundl,” he did some more research, and according to his research, he planned to start an online food delivery business. In August 2014, he changed his plan into reality, launched the startup with five delivery buys, laying the foundations of SWIGGY.

How does the company earn?

According to Swiggy’s founders, Swiggy works closely with large restaurants as well as small food outlets in the food industries sector he has started.  In which many small and big vendors work.  The Swiggy Company describes its income as; currently, 30% of Swiggy’s earnings are on people’s orders.

SWIGGY charges its commission from the restaurant and Home Delivery Charge from the public, which Swiggy earns from both sides. Apart from this, Swiggy also earns outstanding revenue through advertising.

Swiggy served in 8 new cities

Swiggy’s founders told of the expansion of their company that they have serviced their company SWIGGY in 8 new cities, including Ludhiana, Guwahati, Nashik, Kanpur, Mussoorie, Ponducherry, Vijayawada, and Dehradun.  Besides, SWIGGY has over 50,000 restaurant partners.

SWIGGY has expanded its business by arranging $ 210 million in funds from Naspers and DCT.  Recently 1.2 lakh delivery buoys work for SWIGGY company. Currently, 50,000 restaurants are associated with SWIGGY as partners.

Achievements

  • In 2016-17, Swiggy Company had declared its revenue of 133 crores and said that it had incurred a loss of 200 crores.
  • The startup of food delivery company Swiggy was awarded the Better Awards by The Economics Times in 2017.  Apart from this, Swiggy has also been named in Forbes magazine’s 2017 Forbes 30, UNDER 30 INDIA list.

Conclusion

There is absolutely no success. It requires patience as well as hard work, the way Sriharsha Majety, Nandan Reddy, and Rahul Jamini together teamed up with a successful entrepreneur by launching SWIGGY, one of the country’s largest food industry.

Tags: startup insiderstartup news indiastartup storiesswiggy
ShareTweetShare
Previous Post

MakeMyTrip Startups Success Story – How it Became Successful

Next Post

Ola Is Planning To Launch Its First Electric Scooter In January 2021

Rishi Raj

Rishi Raj

Related Posts

jivitha
Startup Stories

Startup Story of Jivitha

April 29, 2022
BHAGVANTA SINGH
Startup Stories

Story of India’s Emerging Travel Company : Bhartiya Airways

April 13, 2022
Phil Knight
Startup Stories

The Success Story of Nike Founder: Phil Knight

April 13, 2022
Narayana Murthy
Startup Stories

The Story Behind Infosys Founder: Narayana Murthy

April 13, 2022
zomato
Startup Stories

The Story of Food Delivery App : Zomato

April 13, 2022
KFC Founder
Startup Stories

Age Has No Bar : The KFC Founder,Colonel Sanders Proved it

April 12, 2022
Next Post
ola electic

Ola Is Planning To Launch Its First Electric Scooter In January 2021

Sharechat

Google May Acquire ShareChat in RS. 7,600 crore

plum

Beauty brand Plum Raises 110 Crore in Series B Funding

Subscribe For More Update

ADVERTISEMENT
  • banksathi

    Despite Covid-19 challenges, Banksathi founders committed to their Craft

    1 shares
    Share 0 Tweet 0
  • Unique Hobbies Based Startup HOBBYHUB

    1 shares
    Share 0 Tweet 0
  • Amazon All Set To Enter India’s Food Delivery Market

    1 shares
    Share 0 Tweet 0
  • Swiggy Startup Success Story – In-Depth Analysis

    1 shares
    Share 0 Tweet 0
  • Tim Cook Confirms: First Apple Retail Store To Be Opened By 2021

    1 shares
    Share 0 Tweet 0
PU college

How to choose a good PU college for yourself

May 15, 2022
Deepika Padukone

Deepika Padukone Becomes First Indian Face to be House Ambassador for Louis Vuitton

May 12, 2022
Shopflo

Shopflo, a SaaS startup for D2C brands, raises $2.6M in a Seed round

May 12, 2022
startup insider

Startup Insider is a prominent news website which deals with startup news, stories, interview tips, gives the latest update about events and conferences. We aim to provide significant knowledge and information to the people who visit this website.

Mail : media@startupinsider.in

Phone : 91-9034408083

Categories

  • Auto
  • Blog
  • ceo Story
  • Crypto
  • Funding News
  • Interviews
  • News & Updates
  • Press Release
  • Profile
  • Startup Stories


img

Recent

  • How to choose a good PU college for yourself
  • Deepika Padukone Becomes First Indian Face to be House Ambassador for Louis Vuitton
  • Shopflo, a SaaS startup for D2C brands, raises $2.6M in a Seed round
  • About Us
  • Contact Us
  • Submit Your Story or Interview
  • Advertise with Us
  • Career
  • Privacy
  • Terms of Use
  • Write For us

© 2020 Startup Insider

No Result
View All Result
  • Home
  • News & Updates
  • Startup Stories
  • Interviews
  • Press Release
  • Blog
  • Submit Your Story or Interview

© 2020 Startup Insider