Professional Documents
Culture Documents
SWIGGY
Overview
Funding
Financials
People
News
Competitive Scenario
Market Outlook
Appendix
Company Report - Swiggy - Dec 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Contents
Overview Summary
Funding
Financials
People
News
Competitive Scenario
Market Outlook
Appendix
Company Report - Swiggy - Dec 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Swiggy
Online platform offering on-demand food and grocery delivery services
71.3K
Twitter Followers
303M
Mobile Downloads
4 Company Report - Swiggy - Dec 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Swiggy- Funding & Growth
Funding Shareholding - Latest Captable - Round Date
Founder(6.8%)
Prosus(32.2%)
SoftBank(8.1%)
Accel(4.9%)
Elevation(4.4%)
Meituan(4.0%)
Norwest Venture Partners(3.8%)
ESOP(5.2%)
Others(30.7%)
2021 2022
Revenue Profit/(Loss)
5 Company Report - Swiggy - Dec 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Swiggy - Transactions & Key News
Investments by Swiggy Acquisitions by Swiggy
Company Round Date Round Amount Acq. Date Company Founded Location Acquisition Type
Rapido Apr 2022 Series D $180M Jul 2023 LYNK logis.. 2015 India Acqui-Hired
(2015, Bengaluru, $324M)
Maverix Platforms Feb 2019 Series C $9M May 2022 Dineout 2012 India Business Acqui..
(2015, Mumbai, $43M)
Fingerlix Feb 2021 Series C $3M Feb 2019 Kint 2014 India Acqui-Hired
(2016, Mumbai, $35M)
UrbanPiper Jan 2022 Series B $24M Aug 2018 Scootsy 2014 India Acqui-Hired
(2016, Bengaluru, $32M)
Key News
6 Company Report - Swiggy - Dec 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Taxonomy - Logistics Tech(1/2)
# Cos # Funded Total $ Funding
Taxonomy Notable Companies
Tracked Cos. Funding (Last 2y)
Courier Services 1324 157 $5.3B $47.1M (▼99%) Porter, J&T Express
Courier Services 1324 157 $5.3B $47.1M (▼99%) Porter, J&T Express
7 Company Report - Swiggy - Dec 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Taxonomy - Logistics Tech(2/2)
# Cos # Funded Total $ Funding
Taxonomy Notable Companies
Tracked Cos. Funding (Last 2y)
Personalised Delivery Messages 2 Gifgram, Postman24x7
8 Company Report - Swiggy - Dec 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Contents
Overview
Funding Funding - Summary
Financials Funding Rounds & Valuation History
People List of Institutional Investors
News List of Angel Investors
Competitive Scenario Cap Table - Shareholding Summary
Market Outlook
Appendix
Company Report - Swiggy - Dec 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Funding - Summary
15 $3.6B 47 $7.8B
Funding Rounds Total Funding Investors Valuation
3 Early-Stage / 12 $1.3B Largest Round 47 Institutions As of Oct 17, 2023
Late-Stage
10 Company Report - Swiggy - Dec 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Funding Rounds & Valuation History (1/2)
Date $ Amount Round Investors Cumulative Funding Valuation
Jan 2022 $700M Series K Invesco, Baron Funds, Sumeru Ventures, IIFL Asset Man... $3.58B -
Apr 2021 $1.25B Series J Alpha Wave, Amansa Capital, Prosus, Accel, Qatar Inve... $2.88B $5.25B
Apr 2020 $43.00M Series I Tencent, ARK Impact Asset Management, Mirae Asset Cap... $1.63B $3.34B
Feb 2020 $113M Series I Naspers, Meituan, Wellington, Prosus $1.59B $3.50B
Dec 2018 $1.00B Series H Naspers, DST Global, Tencent, Hillhouse Capital Group... $1.47B $3.20B
Jun 2018 $210M Series G DST Global, Coatue, Naspers, Prosus, Meituan Dianping $472M $1.25B
Jan 2018 $101M Series F Naspers, Prosus, Meituan Dianping $262M $739M
May 2017 $80.00M Series E Naspers, Accel, Bessemer Venture Partners, Harmony Pa... $161M $399M
Sep 2016 $15.00M Series D Bessemer Venture Partners, Accel, Norwest Venture Par... $76.47M $204M
Apr 2016 $7.00M Series C Norwest Venture Partners, Accel, DST Global $61.47M $141M
11 Company Report - Swiggy - Dec 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Funding Rounds & Valuation History (2/2)
Date $ Amount Round Investors Cumulative Funding Valuation
Dec 2015 $35.00M Series C Accel, Norwest Venture Partners, Harmony Partners, RB... $54.47M $134M
Jun 2015 $16.50M Series B Norwest Venture Partners, Accel, Elevation, DST Global $19.47M $50.11M
12 Company Report - Swiggy - Dec 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
List of Institutional Investors (1/5)
Other Portfolio
Institutional Investors First Investment No. of Rounds Invested Investment Theses
Companies
Elevation Series A - Feb 2015 6(Lead:1) - Aaritya Tech...(+178)
13 Company Report - Swiggy - Dec 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
List of Institutional Investors (2/5)
Other Portfolio
Institutional Investors First Investment No. of Rounds Invested Investment Theses
Companies
Coatue Series G - Jun 2018 2(Lead:0) - Iambic Thera...(+276)
ARK Impact Asset Management Series I - Apr 2020 2(Lead:0) - Swiggy, Ola
Mirae Asset Capital Markets Series I - Apr 2020 1(Lead:0) - Rebellions, ...(+17)
Samsung Venture Investment Series I - Apr 2020 2(Lead:1) - FRENZ, Nex, ...(+166)
14 Company Report - Swiggy - Dec 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
List of Institutional Investors (3/5)
Other Portfolio
Institutional Investors First Investment No. of Rounds Invested Investment Theses
Companies
Qatar Investment Authority Series J - Apr 2021 2(Lead:0) - North Road C...(+89)
15 Company Report - Swiggy - Dec 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
List of Institutional Investors (4/5)
Other Portfolio
Institutional Investors First Investment No. of Rounds Invested Investment Theses
Companies
Baron Funds Series K - Jan 2022 1(Lead:0) - Resident, No...(+12)
16 Company Report - Swiggy - Dec 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
List of Institutional Investors (5/5)
Other Portfolio
Institutional Investors First Investment No. of Rounds Invested Investment Theses
Companies
Segantii Capital Management Series K - Jan 2022 1(Lead:0) - Swiggy, Ola
17 Company Report - Swiggy - Dec 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
List of Angel Investors
Angel Investors First Investment No. of Rounds Invested Other Portfolio Companies
18 Company Report - Swiggy - Dec 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Cap Table - Shareholding Summary
Cumulative
Net Worth (INR
Shareholding - Latest Captable - Round Date Name Holding % Investments
cr)
(INR cr)
Founder 6.8% - -
19 Company Report - Swiggy - Dec 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Contents
Overview
Funding
Financials Financials Summary
People
News
Competitive Scenario
Market Outlook
Appendix
Company Report - Swiggy - Dec 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Revenue and Net profit
2021 2022
Revenue Profit/(Loss)
Note: Detailed Financials are available in Appendix.
1) The percentage numbers next to Key Financials represent the Y-o-Y change.
21 Company Report - Swiggy - Dec 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Financials Summary
Income Statement Summary Balance Sheet Summary Cash Flow Statement Summary
Particulars FY 2021-22 FY 2020-21 P Equity EquityP FY 2020-21 - Particulars FY 2021-22 FY 2020-21
Revenue $824M $359M E Liabilities $391M - Cash flow from operating
($525M) ($157M)
activities
Expenses $1.3B $555M E Non-current assets $120K -
Net cash from/(used in)
($525M) ($157M)
Profit before exceptional E Current assets $64M - operating activities
and extraordinary items and ($465M) ($196M) Cash flow from investing
E Current assets $94M - ($1.2B) $172M
tax activities
Exceptional items ($23.3M) ($19.9M) E Current assets $233M - Net cash from/(used in)
($1.2B) $172M
investing activities
Profit before extraordinary E Current assets $391M -
($442M) ($176M) Cash flow from financing
items and tax $1.8B $1.8M
E Current assets $119M - activities
Net cash from/(used) in
$1.8B $1.8M
financing activities
Net increase/(decrease) in cash
and cash equivalents
$77.3M $16.1M
before effect of exchange rate
changes
Effect of exchange rate changes
on cash and cash - -
equivalents
Net increase /(decrease) in cash
$77.3M $16.1M
and cash equivalents
22 Company Report - Swiggy - Dec 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Contents
Overview
Funding
Financials
People Employee Count Trend
News Founders & Key People
Competitive Scenario Board Members
Market Outlook
Appendix
Company Report - Swiggy - Dec 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Employee Count Trend
Top Competitors by Employee Count
Company Employee Count
Ekdum!
(2020, Noida)
34562
EKourier
18327
(2019, Bilimora)
EatSure
6013
(2011, Pune, $120M)
Jedlo
5559
(2019, Bhiwandi)
Swiggy
5413
(2014, Bengaluru, $3.6B)
Zomato
3953
(2010, Gurugram, $1.8B)
Zepto
3558
(2020, Mumbai, $592M)
Blinkit
2098
(2013, Gurgaon, $757M)
KiranaKart
1513
(2020, Mumbai, $855K)
MealsOnWheels
897
(2014, Mumbai)
24 Company Report - Swiggy - Dec 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
List of Founders & Key People
# Name Designation Description
1 Sriharsha Majety | in Co-Founder & CEO Ex- Co-Founder Bundl, Nomura International. Birla Institute of ...
2 Nandan Reddy | in Co-Founder Ex-Founder Galla, Zurna. BITS Pilani MSc 2010
3 Rahul Jaimini | in ex-Co-Founder Ex-Myntra, NetApp. IIT Kharagpur BTech & MTech 2010
5 Phani Kishan Addepalli | in Co-Founder CEO InsanelyGood, ex-Boston Consulting Group. IIT Madras BTech ...
25 Company Report - Swiggy - Dec 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Current Board Members (1/1)
Name Duration Appointment Date
Team
Investor
26 Company Report - Swiggy - Dec 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Contents
Overview
Funding
Financials
People
News Recent Key News
Competitive Scenario
Market Outlook
Appendix
Company Report - Swiggy - Dec 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Recent News (1/3)
Transactions Company Updates
● Kitchens@ successfully obtained $ 65 million in round C financing from ● Swiggy Introduces ‘Pocket Hero’ Feature Catering to Value-Conscious
the booming growth inve.. Macau Business Consumers Startup Story
● SoftBank Banks On Swiggy’s $1 Bn IPO For A Big Cashout In 2024 Inc42 ● Swiggy Announces 2% Collection Fee on Restaurant Orders for Online
Payments Startup Story
● Invesco raises Swiggy's valuation to nearly $8 billion TechCrunch+
● Swiggy Launches Pocket Hero Feature To Offer Extra Discounts On Food
● Altitude has secured INR 4.16 Cr in a pre-seed funding round from a host
Delivery YourStory
of angel investors. Enablers
● Prosus reports 17% growth in Swiggy’s food delivery segment FY24’s first
● Former Swiggy CTO Dale Vaz gets funding for new venture Aaritya Tech
half Startup Story
Business Standard
● Jio launches Swiggy One Lite subscription on prepaid plans as part of its
● Swiggy IPO In 2024? Swiggy Starts Negotiating With Banks For Launching
IPO Next Year EIN Presswire Diwali promotions Indiatimes
● Swiggy Continues AI Experiments, Launches Photoshoot To Help
● Swiggy IPO likely to come in July-September 2024: Report YourStory
Restaurants Create Better Menu Images Inc42
● Swiggy restarts IPO plans aiming for listing in 2024 Business Upturn
● Swiggy Is Offering Cheaper Delivery For Users Who’re Willing To Group
● Swiggy Resumes IPO Preparations, Eyes 2024 Listing Inc42 Their Orders With Others OfficeChai
● Swiggy, Lenskart, FirstCry, OfBusiness plan to go public soon: SoftBank ● Swiggy Hikes Platform Fee To INR 3 For Food Orders Inc42
Vision Fund’s Navneet .. Business Today
● Swiggy Introduces One Lite Plan With Free Deliveries Other Offers BW
Businessworld
28 Company Report - Swiggy - Dec 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Recent News (2/3)
Legal Partnerships
● Zomato, Swiggy Receive GST Notices Worth Rs 500 Crore Each on ● Swiggy partners with Simpl to elevate checkout experience with 1-Tap
Delivery Charges: Reports Latestly ordering Snackfax
● Users Accuse Swiggy Of Overcharging, Foodtech Major Blames Technical ● boAt partners with Swiggy Instamart for quick & convenient delivery
Bug Inc42 Adgully
● Media mogul Byron Allen is suing McDonald's for $10 billion, claiming it ● SUN Mobility Swiggy Partner For Last Mile Delivery With E bikes BW
overlooks Black-own.. Business Insider Businessworld
● Swiggy Says Not Liable For Order’s Non-Delivery As Consumer Panel ● Swiggy Partners Gogoro To Boost Electrification Of Last-Mile Delivery
Inc42
Slaps INR 11,000 Fine Inc42
● Swiggy, HDFC Bank launch co-branded credit card Business Line
● CCI directs investigation into alleged anti-competitive practices of
Zomato, Swiggy YourStory ● Swiggy Launches Co-branded Credit Card With HDFC Bank Inc42
29 Company Report - Swiggy - Dec 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Recent News (3/3)
People Movement Other
● Swiggy Appoints Anand Kripalu as Independent Director & Chairperson ● Swiggy Food Delivery Business Grows 17% and Company Delivers Gross
of the Board Adgully Merchandise Value of USD 1.43 Bil.. Latestly
● Swiggy’s Senior Executive Karthik Gurumurthy Set To Quit To Start His ● Swiggy wins the Best Employer Brand Award People Matters
New Venture Inc42
● Swiggy’s loss jumps 80% to $545 mn in FY23, says Prosus Business Today
● Swiggy SteppinOut’s Founder Safdhar Adoor joins VRO Hospitality
HotelierIndia ● Swiggy clocked $2.6B in GMV for FY 2023: Prosus report YourStory
● Jupiter Money ropes in Anuj Rathi as Chief Product and Marketing ● Swiggy’s food delivery business reaches profitability TechCrunch+
Officer Tvnews4u ● Invesco Slashes Swiggy’s Valuation By 25% To $8 Bn Inc42
● Swiggy churn continues, SVP Anuj Rathi quits Moneycontrol ● Swiggy’s Loss Doubles To INR 3,629 Cr In FY22 As Expenses Near INR 10K
● AyushPay Announces Appointment of Vivek Kapoor as Co-Founder and Cr Mark Inc42
Chief Business Offic.. Business News This Week ● Swiggy Food Delivery GMV Grows To $1.3 Bn In First Six Months Of FY23
Inc42
● Swiggy appoints Aparna Giridhar as VP Marketing BestMediaInfo
● Foodtech Giant Swiggy Spent INR 4,139 Cr To Earn INR 2,547 Cr In FY21
● Swiggy's Ashish Lingamneni calls it quits after nearly 6 years of
Inc42
association BestMediaInfo
● Swiggy's growth declines in FY21 as net operating revenue drops
● Swiggy's Saurabh Nath joins Perfetti Van Melle as Associate Director Moneycontrol
BestMediaInfo
● Swiggy CTO Dale Vaz Steps Down, Madhusudan Rao To Take Over Inc42
30 Company Report - Swiggy - Dec 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Contents
Overview
Funding
Financials
People
News
Competitive Scenario List of Competitors
Market Outlook List of Global Equivalents
Appendix Comparison with Top Competitors
Company Report - Swiggy - Dec 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Summary - Competitive Landscape
Competitive Landscape of Swiggy Competitors By Company Stage
Top Competitors by Funding Top Competitors by Revenue Top Competitors by Employee Count
Company $ Funding Company Revenue Company Employee Count
Swiggy Zomato Ekdum!
(2014, Bengaluru)
$3.6B (2010, Gurugram, $1.8B)
$967M (2020, Noida, -)
34.6K
32 Company Report - Swiggy - Dec 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Top Competitors
Company Tracxn Score Company Tracxn Score Company Tracxn Score
Zomato 89.6 Scootsy 40.6 TastyKhana 30.7
(2010, Gurugram, $1.8B) (2014, Mumbai, $3.6M) (2007, Pune, $5.0M)
Note: Tracxn Score is a proprietary score based on various market signals reflecting the company’s size, execution and growth.
33 Company Report - Swiggy - Dec 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Global Equivalents
Company Tracxn Score Company Tracxn Score Company Tracxn Score
Zomato 89.6 Scootsy 40.6 TastyKhana 30.7
(2010, India, $1.8B) (2014, India, $3.6M) (2007, India, $5.0M)
Note: Tracxn Score is a proprietary score based on various market signals reflecting the company’s size, execution and growth.
34 Company Report - Swiggy - Dec 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Comparison with Top Comps
Top Competitors By Funding Top Competitors by Employee Count
Company Q4'22 Q1'23 Q2'23 Q3'23 Q4'23
Ekdum!
- 74.4 73.7 36.7 34.6
(2020, Noida, -)
EKourier
(2019, Bilimora, -)
- 20.5 31.9 19.2 18.3
EatSure
- 6.2 6.6 6.2 6
(2011, Pune, $120M)
Jedlo
5.7 5.3 5.5 5.6 -
(2019, Bhiwandi, -)
Swiggy
- 5.3 5.5 5.6 5.4
(2014, Bengaluru, $3.6B)
Scootsy
$13.0B $37.3B $26.8B - -
(2014, Mumbai, $3.6M)
Blinkit
- - - - -
(2013, Gurgaon, $757M)
EatSure
$3.1B $5.8B $4.4B $9.1B -
(2011, Pune, $120M)
35 Company Report - Swiggy - Dec 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
List of Competing Business Models
# Cos # Funded Total $ Funding
Taxonomy Notable Companies
Tracked Cos. Funding (Last 2y)
Logistics Tech > Parcel > Hyperlocal Delivery > B2C 1303 130 $9.7B $718M (▼286%) Swiggy, DoorDash
36 Company Report - Swiggy - Dec 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Contents
Overview
Funding
Financials
People
News Summary
Competitive Scenario Marketmap
Market Outlook Investment Outlook
Appendix Exit Outlook
Company Report - Swiggy - Dec 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Logistics Tech - Summary
Top Companies Key Stats
Grab Shiprocket
(2012, Singapore, $10.4B) (2012, India, $330M) 25911 4392 $117B
Samsara Shadowfax Companies Funded Total Funding
(2015, United States, $930M) (2015, India, $181M) Companies
Delhivery Swiggy
(2011, India, $1.4B) (2014, India, $3.6B)
$16.7B 841 87
Gojek Wolt
(2010, Indonesia, $6.2B) (2014, Finland, $860M)
Funding in last 2 Acquisitions IPOs
years
38 Company Report - Swiggy - Dec 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Marketmap:
MarketmapHR Tech- Logistics Tech Sep 2020
PARCEL E-COMMERCE LOGISTICS Top Business Models in last 1y
HYPER DELIVERY OWN FLEET DELIVERY SERVICES
Business Model Funding
India(8.1%)
Flash Express
Series F - $447M
United Kingdom(4.6%) (2017, Thailand, $997M)
Germany(1.7%) Project44
Series F - $420M
Others(12.9%) (2014, United States, $912M)
40 Company Report - Swiggy - Dec 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Marketmap: HR Tech Sep 2020
Logistics Tech - Exit Outlook
Valuation at Exit1 Total Funds Raised before Exit1 Time to Exit1
Median: $57.5M Median: $7.4M Median: 7yrs
IPO Acquisition
Movolytics Kunchuan
ABAX Dec 2023 NA Intelligent.. Nov 2022 $470M
(2016, Cambr..)
(1998, Kunming)
Stuart - Dec 2023 NA
(2015, Barce.., $25M)
Containe Sep 2022 $1M
(2006, Hyder..)
Kuantic Free2Move Dec 2023 NA GigaCloud
(2003, Kluis..) JD.com, Oriza Holdings,.. &
Technology Aug 2022 $379M
more
(2014, City .., $40M)
41 Company Report - Swiggy - Dec 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Contents
Overview
Funding
Financials
People
News
Competitive Scenario
Market Outlook
Appendix
Company Report - Swiggy - Dec 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Top Vendors for Swiggy
Vendor Short Description
CloudGenee (2018, Noida) Provider of consultancy services for improving the financial outcomes
Cocoberry (2009, Noida, $8.3M) Cloud-based enterprise business management software provider
Darwinbox (2015, Hyderabad, $136M) Provider of consultancy services for improving the financial outcomes
Evify (2021, Surat, $948K) Provider of consultancy services for improving the financial outcomes
FinAlyzer (2010, Bengaluru, $418K) Crowd-Sourced Paper Design from Indie Artists
Flexible IR (2017, Singapore) Provider of consultancy services for improving the financial outcomes
43 Company Report - Swiggy - Dec 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Associated Legal Entities
Associated
Legal Entities Type of Entity Date of Incorporation Registrar Details Entity ID
Companies
BUNDL TECHNOLOGIES PRIVATE Private Limited
Bundl Dec 26, 2013 mca.gov.in U74110KA2013PTC096530
LIMITED Company
44 Company Report - Swiggy - Dec 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Top Funding Rounds for Competitors in last 2y
Company $ Amount Round Date Investors
Swiggy (2014, Benga.., $4B) $700M Series K Jan 2022 Invesco, Baron Funds, Sumeru Ventures, IIFL Asset Managem.., +20 more
Dunzo (2015, Benga.., $498M) $240M Series F Jan 2022 Reliance Retail, Lightbox, 3L Capital, Alteria Capital, +7 more
Zepto (2020, Mumbai, $592M) $200M Series D May 2022 ycombinator.com/continuity, Kaiser Permanente, Nexus Ve.., +2 more
Zepto (2020, Mumbai, $592M) $200M Series E Aug 2023 StepStone Group, Goodwater Capital, Nexus Venture Partn.., +2 more
Dunzo (2015, Benga.., $498M) $75M Series F Apr 2023 Reliance Retail, Alphabet, Google
Zepto (2020, Mumbai, $592M) $31M Series E Nov 2023 Goodwater Capital, Nexus Venture Partners, Mangum
JustMyRoots (2017, Gurgaon, $4M) $2M Angel Feb 2022 Neil Vasudeva, Shantanu Bhanja, Ajaya Jain, Amit Nenwani, +8 more
Dunzo (2015, Benga.., $498M) $459K Series F May 2022 Alteria Capital, Greyhound Capital Management
Errando (2015, Kozhi.., $66K) $66K Angel Mar 2022 Vineeth Abraham, Ettolkandathilapurayil Abduljabbar
Scooton (2021, Delhi, $25K) $25K Angel Aug 2022 Saksham Dhawan, Ranbir Singh Shonak
Full list of 13 Top Funding Rounds for Competitors in last 2yrs is available on the Tracxn Platform.
45 Company Report - Swiggy - Dec 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Top Investments by Competitors
# Competitor Name Country # Investments Companies
1 Zomato India 14 Kitchens at ($83M), Adonmo ($19M), Blinkit ($757M), Curefit ($655M)
46 Company Report - Swiggy - Dec 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
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47 Company Report - Swiggy - Dec 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
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48 Company Report - Swiggy - Dec 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Shareholding Pattern (1/2)
Series A Series A2 Series B Series C Series C2 Series D Series E Series F
Feb 2015 Apr 2015 Jun 2015 Dec 2015 Apr 2016 Sep 2016 Jun 2017 Jan 2018
Valuation (Post Money) 25Cr 31Cr 320Cr 889Cr 937Cr 1367Cr 2575Cr 4732Cr
Dilution 24.05% 19.39% 31.79% 25.9% 5.05% 7.32% 20.19% 13.55%
Shareholders
Founders 76.0% 61.2% 37.7% 27.9% 26.5% 24.6% 19.6% 16.9%
Funds 24.1% 38.8% 55.7% 67.1% 68.8% 71.1% 76.9% 79.7%
MIH India Food Holdi.. 8.1%
Svf II Songbird DE L..
Accel India IV Mauri.. 19.4% 18.3% 20.2% 19.7% 18.8% 16.2% 14.0%
Saif Partner India V.. 24.1% 19.4% 20.2% 22.4% 21.3% 20.2% 17.6% 15.2%
Inspired Elite Inves.. 5.4%
Others 17.1% 24.5% 27.8% 32.1% 43.0% 37.0%
Enterprises
Angels
Others
Stock Option Pool
Total 100.0% 100.0% 93.3% 95.1% 95.3% 95.7% 96.5% 96.6%
49 Company Report - Swiggy - Dec 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Shareholding Pattern (2/2)
Series G Series H Series I Series I2 Series J Series K Series K2
Jul 2018 Jan 2019 Feb 2020 Apr 2020 Apr 2021 Feb 2022 Feb 2022
Valuation (Post Money) 8660Cr 22530Cr 25189Cr 25510Cr 39090Cr 74992Cr 75478Cr
Dilution 16.37% 25.44% 3.19% 1.26% 24.84% 5.61% 0.64%
Shareholders Total
Founders 13.8% 10.3% 9.3% 9.2% 6.9% 6.8% 6.8% 0
Funds 81.4% 86.1% 27874.0Cr
MIH India Food Holdi.. 12.2% 25.0% 37.0% 36.5% 34.0% 32.1% 32.2% 10487.8Cr
Svf II Songbird DE L.. 8.6% 8.1% 8.1% 3356.6Cr
Accel India IV Mauri.. 11.4% 8.5% 7.0% 6.9% 5.2% 4.9% 4.9% 129.5Cr
Saif Partner India V.. 12.4% 8.5% 6.3% 6.3% 4.7% 4.5% 4.4% 144.2Cr
Inspired Elite Inves.. 6.2% 6.0% 5.8% 5.7% 4.3% 4.1% 4.0% 786.1Cr
Others 39.3% 38.1% 25.8% 26.7% 29.9% 34.0% 34.1% 12969.8Cr
Enterprises 0.3% 0.3% 153.6Cr
Angels 78.5Cr
Others 0.0% 0
Stock Option Pool
Total 95.2% 96.4% 9.3% 9.2% 6.9% 7.0% 7.0% 28106.1Cr
50 Company Report - Swiggy - Dec 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Investments by Top Shareholders (1/2)
Series A Series A2 Series B Series C Series C2 Series D Series E Series F
Feb 2015 Apr 2015 Jun 2015 Dec 2015 Apr 2016 Sep 2016 Jun 2017 Jan 2018
Valuation (Post Money) 25Cr 31Cr 320Cr 889Cr 937Cr 1367Cr 2575Cr 4732Cr
Dilution 24.05% 19.39% 31.79% 25.9% 5.05% 7.32% 20.19% 13.55%
Shareholders
Founders
Funds 6.0Cr 101.6Cr 230.3Cr
MIH India Food Holdi.. 384.6Cr
Svf II Songbird DE L..
Accel India IV Mauri.. 6.0Cr 20.3Cr 59.4Cr 5.1Cr 6.2Cr 32.5Cr
Saif Partner India V.. 6.0Cr 26.5Cr 66.0Cr 6.7Cr 39.0Cr
Inspired Elite Inves.. 256.4Cr
Others
Enterprises 54.8Cr 104.9Cr 42.3Cr 87.2Cr 448.5Cr
Angels
Others
Stock Option Pool
Total 6.0Cr 101.6Cr 230.3Cr
51 Company Report - Swiggy - Dec 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Investments by Top Shareholders (2/2)
Series G Series H Series I Series I2 Series J Series K Series K2
Jul 2018 Jan 2019 Feb 2020 Apr 2020 Apr 2021 Feb 2022 Feb 2022
Valuation (Post Money) 8660Cr 22530Cr 25189Cr 25510Cr 39090Cr 74992Cr 75478Cr
Dilution 16.37% 25.44% 3.19% 1.26% 24.84% 5.61% 0.64%
Shareholders Total
Founders 5091.7Cr
Funds 66189.8Cr
MIH India Food Holdi.. 482.6Cr 3474.0Cr 712.4Cr 2040.5Cr 190.0Cr 24272.9Cr
Svf II Songbird DE L.. 3356.6Cr 6077.9Cr
Accel India IV Mauri.. 3693.9Cr
Saif Partner India V.. 3335.3Cr
Inspired Elite Inves.. 150.8Cr 275.8Cr 85.1Cr 3042.6Cr
Others
Enterprises 784.2Cr 1981.4Cr 7.1Cr 320.5Cr 3813.0Cr 4059.6Cr 296.2Cr 25767.1Cr
Angels 101.5Cr
Others 0
Stock Option Pool
Total 71580.0Cr
52 Company Report - Swiggy - Dec 2023 Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
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