About Swiggy
Swiggy is a food delivery platform that offers food service solutions for restaurants.
Headquarters
Swiggy, Bangalore
Founded
2014-08-01
Industry
Apps, Delivery Service, Food and Beverage, Food Delivery
Last Funding Type
Secondary Market
Valuation
10.3
Total Funding
$3.79 billion dollars
IPO Status
Public
Financial
Funding Rounds
19
Number of Lead Investors
15
Total Funding Amount
$3.79 billion dollars
Number of Investors
46
Swiggy vs. Other Decacorns
| Company | Valuation | Total Funding | Funding Rounds |
|---|---|---|---|
| Swiggy | $10.3B | $3.79B | 19 |
| Nature�s Fynd | $2B | $509.56M | 6 |
| SeekOut | $1B | $188.60M | 4 |
| Ola | $7B | $4.97B | 30 |
| 1Password | $14B | $920.14M | 3 |
| Wave (Financial Software) | $2B | $79.75M | 10 |
| Latch | $1.6B | $342.12M | 7 |
| Adyen | $8.3B | $266.00M | 3 |
| Twilio | $2B | $614.42M | 13 |
| Kik | $2B | $215.80M | 7 |
| DoorDash | $39B | $2.47B | 13 |
| Impossible (Food Products) | $28B | $1.90B | 12 |
| Upside | $5B | $165.00M | 6 |
| AppDirect | $2B | $574.50M | 9 |
| Notion | $110B | $343.20M | 7 |
| Rebel Foods | $1B | $787.55M | 27 |
| Mythical Games | $3B | $297.00M | 9 |
| Copper | $2B | $102.00M | 5 |
| Misfits Market | $2B | $526.50M | 6 |
| Carbon Health | $6B | $622.50M | 11 |
| Doctolib | $6B | $815.03M | 9 |
| Just Egg | $8B | - | 3 |
| Truecaller | $2.5B | $101.16M | 10 |
| UPSIDE Foods | $4B | $581.00M | 7 |
| Airbnb | $459B | $6.42B | 29 |
| Vercel | $8B | $563.00M | 5 |
| Lucid | $3B | $3.82M | 4 |
| Scopely | $41B | $998.50M | 10 |
| Plenty | $3B | $961.00M | 8 |
| SmartNews | $2B | $410.29M | 6 |
| Toutiao | $20B | - | - |
| Swvl | $1.5B | $242.70M | 10 |
| Uber | $82.4B | $30.21B | 33 |
| Kitopi | $2B | $804.00M | 6 |
| MoPub | $3B | $18.50M | 4 |
| Sentry | $3B | $217.00M | 6 |
| Rappi | $16B | $2.34B | 19 |
| Deliveroo | $10.5B | $1.71B | 13 |
| GOAT | $37B | - | 1 |
| Choco | $4B | $336.27M | 7 |
| Duolingo | $7B | $183.30M | 8 |
| Loom | $11B | $203.55M | 8 |
| Figma | $180B | $748.62M | 8 |
| Snap Group | $31B | $3.26M | 1 |
| Branch | $24B | $667.05M | 10 |
| Drizly | $1B | $119.56M | 9 |
| Beyond Meat | $1.5B | $158.05M | 15 |
| Zocdoc | $14B | $375.94M | 10 |
| CircleCI | $10B | $315.00M | 9 |
| Notion Labs | $60B | - | - |
| Postmates | $42B | $762.95M | 13 |
| Lucid Software | $12B | $670.36M | 8 |
| Rovio Entertainment | $1B | $76.11M | 3 |
| Iterable | $2B | $342.20M | 7 |
| Delivery Hero | $5.1B | $10.18B | 22 |
| Glovo | $3B | $1.16B | 11 |
| Blue Apron | $1.9B | $422.50M | 11 |
| Fitbit | $0.1B | $66.00M | 4 |
| Lyft | $24B | $5.31B | 29 |
| NoBroker | $1B | $430.86M | 13 |
| Yelp | $0.9B | $56.00M | 6 |
| GrubMarket | $20B | $499.10M | 8 |
| Ginger | $15B | $222.42M | 11 |
| Chipper Cash | $2B | $337.20M | 7 |
| Calm | $28B | $218.04M | 8 |
| AppLovin | $7B | $5.12B | 12 |
| Trulia | $0.4B | $255.10M | 6 |
| $23.1B | $26.10M | 3 | |
| Hinge | $43B | $20.60M | 4 |
| Daily Harvest | $7B | $120.00M | 6 |
| Apeel Sciences | $2B | $719.06M | 12 |
| ezCater | $2B | $420.79M | 11 |
| InVision | $4B | $356.20M | 10 |
| Wolt | $11B | $822.52M | 9 |
| Yammer | $15B | $142.00M | 6 |
| Slice | $1B | $125.00M | 6 |
Growth Trends & Market Impact
Swiggy's valuation was boosted to $12.16 billion by Baron, surpassing its prior private market value. The company appointed a new chief growth and marketing officer and hired executives from Flipkart and Amazon for its next phase of growth. Swiggy also reported that online delivery is expected to make up 20% of the food services market by FY31. However, Swiggy may lay off close to 400 employees, and it faces competition from Zomato, which is reportedly growing faster.
Investment history
| Round number | date | Post-round evaluation | investors |
|---|---|---|---|
| №1 | 28.10.2024 | $200.00 million dollars | |
| №2 | 18.09.2024 | $358.17 thousand dollars | |
| №3 | 28.08.2024 | $358.17 thousand dollars |
Amitabh Bachchanâs family office |
| №4 | 02.08.2024 | $358.17 thousand dollars | |
| №5 | 24.01.2022 | $700.00 million dollars |
Invesco |
| №6 | 12.07.2021 | $450.00 million dollars |
SoftBank Vision Fund |
| №7 | 05.04.2021 | $800.00 million dollars |
Alpha Wave Global Amansa Capital Carmignac Goldman Sachs Think Investments |
| №8 | 06.04.2020 | $43.00 million dollars | |
| №9 | 19.02.2020 | $113.00 million dollars |
Prosus Ventures |
| №10 | 20.12.2018 | $1.00 billion dollars |
Prosus Ventures |