Swiggy
Swiggy, an India-based startup established in 2014 in Bengaluru, when Sriharsha Majety and Nandan Reddy from BITS Pilani, introduced the concept of "Hyperlocal food delivery."
It ranks as one of India's top Unicorn startups. Currently, Swiggy operates in more than 500+ cities nationwide. It has partnered with fast-food giants like Burger King, Cafe Coffee Day, Goli Vada Pav, and many others to provide delivery services.
The platform allows customers to access a diverse range of restaurants from a centralised window, by connecting local diners with food enthusiasts. In January 2017, Swiggy initiated its cloud kitchen chain known as "The Bowl Company." In November 2017, the company ventured into a kitchen incubator business called Swiggy Access.
In early 2019, Swiggy extended its services to include general product deliveries through a new division named Swiggy Stores. This involved sourcing items from local stores to cater to customer demands.
In September 2019, Swiggy introduced the Swiggy Go service, enabling customers to make instant pickup and drop-off requests for document or parcel deliveries. Later, in April 2020, Swiggy rebranded this service as Swiggy Genie. And in August 2020, Swiggy launched InstaMart, a groceries delivery platform.
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FoodTech
Swiggy launches kitchen equipment procurement service for restaurants
Akshita Toshniwal | November 20, 2024
While Swiggy expects its quick commerce segment to outgrow its core food delivery business, it is still focusing on adding a host of auxiliary services to woo and retain restaurant partners.
Government
Karnataka can become global hub for emerging tech through skilling: Priyank Kharge
Thimmaya Poojary | November 19, 2024
The Karnataka government aims to back emerging deeptech startups to make the state a global hub for innovation
Government
Karnataka govt unveils new initiatives to maintain tech lead at BTS 2024
Team YS | November 19, 2024
The three-day Bengaluru Tech Summit 2024 aims to foster partnerships and showcase the policies that will boost the technology sector in Karnataka.
News
Startup news and updates: Daily roundup (November 19, 2024)
Saranya Chakrapani | November 19, 2024
YourStory presents the daily news roundup from the Indian startup ecosystem and beyond. Here's the roundup for Tuesday, November 19, 2024.
Funding
[Weekly funding roundup Nov 9-15] VC inflows record a sharp rise
Thimmaya Poojary | November 15, 2024
The second week of November showed a sharp rise in venture capital funding compared to the previous week, however the overall number was still relatively modest.
News
Quick commerce a challenge to retailers, will become political issue: Uday Kotak
Press Trust of India | November 14, 2024
The founder and non-executive director of private sector lender Kotak Mahindra Bank also said India is a unique country in the world where quick service retail has succeeded, unlike in most other parts of the world where this model has not been as effective.
Daily Capsule
Swiggy hits the ground running; A symphony of tech and performing arts
Team YS | November 14, 2024
Shares of Swiggy closed about 10% higher on domestic bourses as the foodtech firm marked a strong public debut. The Pallikoodam is delivering vocal music and acting lessons through technology. Mynavi is making inroads into India via strategic investments and acquisitions.