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Swiggy CCPS Unlisted Shares
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Company Overview
Swiggy CCPS Unlisted Shares
Swiggy is an Indian online food ordering and delivery platform that was founded in August 2014 by Sriharsha Majety, Nandan Reddy, and Rahul Jaimini.
Brief overview of Swiggy's full journey:
Swiggy was founded in 2014 in Bengaluru, India, with the aim of providing a platform for food delivery from local restaurants. Swiggy received initial funding of $1.25 million from investors including Accel India and SAIF Partners in January 2015.
Swiggy expanded its services to other cities in India, including Delhi, Mumbai, Chennai, Hyderabad, and Pune.
1. In May 2015, Swiggy raised $2 million in Series A funding from Accel India and SAIF Partners. In June 2016, Swiggy raised $15 million in Series B funding from Bessemer Venture Partners, SAIF Partners, and Accel India.
2. In May 2017, Swiggy acquired its competitor, SuprDaily, a milk delivery startup, to expand its services. In September 2017, Swiggy raised $80 million in Series C funding from Naspers, Accel India, Bessemer Venture Partners, and Harmony Partners.
3. In 2018, Swiggy expanded its services to include Swiggy Go, which delivers products other than food, and Swiggy Stores, which delivers groceries. In February 2018, Swiggy raised $100 million in Series D funding from Naspers and Meituan-Dianping.
4. In 2019, Swiggy expanded its services to include Swiggy Go+, which provides faster delivery for its users. In December 2019, Swiggy raised $113 million in Series E funding from Prosus Ventures, Tencent, and others. Swiggy was impacted by the COVID-19 pandemic and had to temporarily suspend its services in some cities. However, it resumed its services by implementing safety measures such as contactless delivery.
5. In April 2021, Swiggy raised $800 million in a funding round led by Falcon Edge Capital, Amansa Capital, Think Investments, and Goldman Sachs. Today, Swiggy is one of the leading food delivery platforms in India, operating in over 500 cities with a network of over 200,000 restaurant partners. The company has also expanded its services to include grocery and essential deliveries, and it continues to grow and innovate to meet the needs of its customers.
Symbol | Swiggy CCPS Unlisted Shares |
---|---|
Face Value (₹): | 10 |
ISIN: | INE00H003176 |
Demat Status: | NSDL & CDSL |
Lot Size: | 1401 Shares |