Swiggy Ltd

Past performance
Performance overview
About Swiggy Ltd Swiggy Limited, originally incorporated as Bundl Technologies Private Limited in 2013, is a prominent consumer-first technology company catering to the growing convenience economy. The company rebranded as Swiggy Private Limited in April 2024 and subsequently converted into a public limited company under the name Swiggy Limited. It operates a dynamic platform providing food delivery, grocery and household item delivery (Instamart), hyperlocal logistics services (Genie), in addition to offering restaurant reservations (Dineout) and event bookings (SteppinOut). Since launching its food delivery services in 2014, Swiggy has expanded to 500+ Indian cities, establishing itself as a leader in its segment. It diversified its portfolio with the launch of Swiggy Instamart and Swiggy Genie in 2020, followed by integrations like DineOut for restaurant bookings and SteppinOut for events in 2022. The company also introduced Swiggy Minis for hyperlocal commerce and Swiggy Mall in 2023 while significantly ramping up its logistics capabilities, including an active fleet of 7,500 electric vehicles and a wholly-owned subsidiary, Lynks Logistics Limited. Swiggy's operational scale is bolstered by its extensive supply chain, including 400+ dark stores and 8,400+ SKUs under Instamart, designed to streamline hyperlocal commerce. The company’s ability to evolve and broaden its offerings reflects its focus on strategic acquisitions and market adaptability. Currently, Swiggy is planning an Initial Public Offering (IPO) to raise ₹3,750 crore, which includes issuing up to 185,286,265 equity shares through an Offer for Sale. This would potentially boost its growth trajectory, offering investors an opportunity to participate in India’s burgeoning digital economy led by Swiggy’s business diversification and technology-driven platform.
Website swiggy.com
Founded 2013
Headquarters Bangalore