Swiggy provides a food delivery application. The company partners with restaurants to offer users food ordering and delivery services through its fleet of delivery personnel. Swiggy primarily serves the food and beverage industry. It was founded in 2014 and is based in Bengaluru, India.
Research containing Swiggy
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Swiggy in 5 CB Insights research briefs, most recently on Jun 28, 2022.
Expert Collections containing Swiggy
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Swiggy is included in 6 Expert Collections, including Supply Chain & Logistics Tech.
Supply Chain & Logistics Tech
Companies offering technology-driven solutions that serve the supply chain & logistics space (e.g. shipping, inventory mgmt, last mile, trucking).
Unicorns- Billion Dollar Startups
Grocery Retail Tech
Startups providing B2B solutions to grocery businesses to improve their store and omni-channel performance. Includes customer analytics platforms, in-store robots, predictive inventory management systems, online enablement for grocers and consumables retailers, and more.
Food & Meal Delivery
Startups and tech companies offering online grocery, food, beverage, and meal delivery services.
Tech IPO Pipeline
The tech companies we think could hit the public markets next, according to CB Insights data.
Latest Swiggy News
Nov 25, 2023
News provided by Share this article Share toX The Indian online food delivery market reached an estimated value of INR 581.86 billion in 2022. Forecasts indicate that by the end of 2028, it is projected to surge to INR 3,059.25 billion, expanding at a compound annual growth rate (CAGR) of 30.52% from 2023 to 2028 The market's growth is driven by the swift digitalization and consumer acceptance of online food delivery services in both tier I and tier II cities. This surge is influenced by increased internet and smartphone usage, the rise in dual-income households, particularly with more women joining the workforce, and the rapid lifestyle changes favoring the trend of online food delivery. Market Drivers: The expanding number of smartphone users and the growing prevalence of internet access are fueling the demand for mobile app-based food ordering services in India. While initially popular in tier I cities, the concept of online food ordering and delivery is gradually gaining traction in tier II cities. This simultaneous rise in acceptance and the use of food delivery mobile apps in both tier I and tier II cities across India is fueling market growth. Numerous online aggregators have formed partnerships with restaurants to offer combo packages and single-serving meals, all designed to attract customers. Market Challenges: Extending beyond tier II cities presents a challenge due to the dominance of unorganized players in India's online food delivery market. Aggregators and organized delivery partners find it difficult to compete with local food vendors, particularly in terms of pricing, as these local vendors operate with minimal overhead costs, often disregarding hygiene, safety, and quality standards. Food delivery platforms have not only raised delivery fees but also increased the costs of their loyalty programs and imposed stricter rules for order cancellations. These factors have impeded the growth of the online food delivery sector. Key Topics Covered: 3.2. Comparison of common online food delivery business models in India 3.2.1. Order-only model 3.2.3. Cloud restaurant model Chapter 4: Market Overview 4.1.1. Market size and growth forecast - based on value (2020 - 2028e) 4.1.2. Government bodies regulating online food delivery market Chapter 5: Porter's Five Forces 5.1. Porter's Five Forces 8.1.1. Bundl Technologies Private Limited 8.1.2. Zomato Limited 8.2.2. Zomato Limited 8.2.4. Delightful Gourmet Private Limited (Licious) 8.2.5. Poncho Hospitality Private Limited (Box8) 8.2.6. Rebel Foods Private Limited (Faasos) 8.2.7. Yum! Brands, Inc. 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Swiggy Frequently Asked Questions (FAQ)
When was Swiggy founded?
Swiggy was founded in 2014.
Where is Swiggy's headquarters?
Swiggy's headquarters is located at I&J Block, Embassy Tech Village, Outer Ring Road, Devarbisanahalli, Bengaluru.
What is Swiggy's latest funding round?
Swiggy's latest funding round is Valuation Change.
How much did Swiggy raise?
Swiggy raised a total of $3.571B.
Who are the investors of Swiggy?
Investors of Swiggy include Prosus Ventures, Alpha Wave Global, Qatar Investment Authority, ARK IMPACT, IIFL Asset Management and 33 more.
Who are Swiggy's competitors?
Competitors of Swiggy include Zepto, Eatigo, Flipkart, Rebel Foods, Dunzo and 7 more.
Compare Swiggy to Competitors
FreshMenu is a food delivery company operating in the food and beverage industry. The company offers a variety of cuisines for home delivery, including Chinese, Continental, and Mexican food. The food is prepared by in-house chefs and delivered fresh to customers' doorsteps. It was founded in 2014 and is based in Bengaluru, India.
BigBasket operates an online grocery store. It offers a mobile application that allows users to buy grocery products such as fruits and vegetables, beverages, eggs, meat, fish, household cleaning products, and more. The company was founded in 2011 and is based in Bangalore, India.
Dunzo delivers a chat-based hyperlocal services application. It allows users to create to-do lists and collaborate with vendors. The company provides the delivery of packages, groceries, food, medicines, pet supplies, and more. It was founded in 2015 and is based in Bengaluru, India.
EatClub Brands operates as a food technology company specializing in on-demand food ordering and delivery. It offers BOX8, a cloud kitchen service delivering meals through 150 kitchens. It was founded in 2012 and is based in Mumbai, India.
Rebel Foods operates a chain of online restaurants. It offers cloud kitchen facilities to food brands and connects food brands with customers. The company was formerly known as Faasos. It was founded in 2011 and is based in Mumbai, India.
BigSpoon is a multi-brand cloud kitchen firm. It offers a variety of cuisines through its own brands and white-label brands. BigSpoon was founded in 2019 and is based in Ahmedabad, India.