Sriharsha Majety: Swiggy Founder's Life Story

Key facts
Born	9 January 1986 [1]; family home in Vijayawada, Andhra Pradesh [16]
Family roots	Vijayawada; his father ran a restaurant there and his mother is a doctor with her own clinic [16]
Education	BE (Electrical & Electronics), BITS Pilani; PGDM, IIM Calcutta, class of 2011 [1] [12]
Company	Swiggy Ltd (food delivery, Instamart quick commerce, Dineout); co-founder, Managing Director and Group CEO [1]
Shareholding	12.61 crore shares, 4.57% of Swiggy, as of 31 December 2025; Swiggy has no identifiable promoter [5] [1]
Wealth	Rs 3,280 crore, rank 558, on the 360 ONE Wealth Creators List 2026 (July 2026) [73]
Known for	Building Swiggy from six delivery riders in Koramangala into a listed company serving 720+ cities

In August 2012, a 26-year-old who had just walked out of a trading job at a London investment bank set off on a bicycle from Portugal. He had not checked the weather or the terrain. It was 45 degrees, southern Europe turned out to be hilly, and he was not a cyclist. “On the first day itself within the first 30 kilometers, I’d finished my supplies of water,” Sriharsha Majety later recalled. A stranger had to drive about 50 km to rescue him [17].

He kept going anyway: by his own account, about 4,000 km over three months, alone, from Portugal to Turkey [17].

Two years later, on 6 August 2014, he and two friends switched on a food-delivery website for one Bengaluru neighbourhood. “We ended the day with zero orders,” he wrote on the company’s tenth birthday. The first order came the next day [26].

Majety’s story has that shape again and again. A bad first day, then a long ride. Swiggy today delivers food and groceries in more than 720 cities, earned Rs 23,053 crore in revenue in FY26 and listed in India’s biggest technology IPO of 2024 [6] [59] [52]. It has also never made an annual profit, trades at less than half its IPO price, and in 2026 its own shareholders voted down a proposal that would have given its founder guaranteed board rights [59] [69] [61].

This is the story of a restaurant owner’s son from Vijayawada who failed at his first startup, got the second one spectacularly right, and is now fighting to prove that the company can outlast the hype that built it.

Where it began

Sriharsha Majety was born on 9 January 1986, according to Swiggy’s prospectus [1]. He comes from Vijayawada in Andhra Pradesh. Many profiles say he was born in the city; we could not find a primary source for the birthplace itself, though the family home is there.

Business was dinner-table conversation. “Entrepreneurship was always in my blood,” he told an Accel podcast in 2018. His father ran a restaurant in Vijayawada and his mother, a doctor, ran her own clinic. Watching family members “being in charge and taking control of what they do”, he said, shaped him early [16].

He went to BITS Pilani for a degree in electrical and electronics engineering [1]. What he remembers about Pilani is the freedom. The institute did not force attendance, “which gave us a lot of time to pursue our passions”. His were quizzing, photography and travel [16]. It was at the campus photography club that he became friends with a junior two years behind him, Nandan Reddy, who would later co-found Swiggy with him [18].

Majety then did something unusual for a BITS graduate. He skipped campus placements and took a year off before joining IIM Calcutta, where he completed the two-year PGDM in 2011 [16] [12]. Years later, standing at the National Stock Exchange on listing day, he revealed that the Swiggy idea had first appeared as a college project. “I completely forgot about it after that college project finished,” he said [28].

London, and leaving London

From IIM Calcutta he went to Nomura in London as a trader [20]. The job paid well and bored him. “London was exciting, but the job wasn’t,” he said, so he took “the hard decision of leaving London and choosing to come back to India with no plan in mind” [16]. Mint reported that he left after about a year [20].

Before coming home he spent his savings on the road. After three months of cycling to Turkey came roughly three more of backpacking and hitchhiking eastward, towards Kazakhstan [17].

The trip gave him a habit he still uses. The man who rescued him on day one offered some advice: if you do not like cycling uphill, only go downhill, or take a lift. Majety stopped worrying about completing the ride and started enjoying it. “My stress-buster for issues in the short term is to think about the long term,” he said later [17].

The first break

The first break was a failure.

Back in India in 2013, Majety teamed up with Nandan Reddy to build Bundl, a service that helped small e-commerce sellers pick the right courier company for each shipment. “If you were getting 50 shipments, we’d help you figure out which shipper to use,” he explained to The Ken [21]. Bundl Technologies Private Limited was incorporated on 26 December 2013, with Majety holding 68.75% and Reddy 31.25% [1].

Two things went wrong. They had no technology co-founder; none of his friends would take the risk, and he ended up hiring a contractor to build the product [16]. And the market moved under their feet. When Bundl started, marketplaces let sellers ship however they liked. Then Amazon and Flipkart took shipping in-house, and marketplaces became over 90% of the business. “A massive consolidation happened,” Majety said [21]. Bundl was shut in June 2014 [22].

There was a consolation. “Thankfully, we didn’t have any employees, investors and liabilities at that time,” he said [16]. And there was a lesson: the year spent staring at courier companies had convinced the two friends that Indian logistics firms used technology badly [16].

Six riders in Koramangala

Food was the next place to apply that insight. Majety has been clear that the starting point was logistics, not cuisine: good restaurants that either did not deliver or delivered badly [27].

A common friend introduced a third partner, Rahul Jaimini, an IIT Kharagpur graduate then working as a software engineer at Myntra. He quit to become the technical co-founder Bundl never had [18] [24]. The new business ran inside the old Bundl company, which was renamed Swiggy only in 2024 [1].

Swiggy launched in Koramangala on 6 August 2014 with about half a dozen delivery riders and roughly 20 to 25 restaurants; accounts of the exact numbers differ slightly [25] [18]. The name, Majety says, came “over two good beers” at a Bengaluru brewery, when the founders “were really throwing darts with names” [27].

The early months were manual. There was a website but no app until April 2015. The founders handed out pamphlets on a food street near a Koramangala college. Majety personally made more than 100 deliveries. Riders updated an order’s status by giving a missed call to one of four phone numbers [18].

The big decision was to employ a delivery fleet rather than just list restaurants, as rivals such as Zomato and Foodpanda then did. It was the expensive path. “There was no joy in building a marketplace, though it is hugely profitable,” Majety told Business Today [27]. Owning the fleet let Swiggy promise delivery within about 30 minutes and drop minimum order sizes [22].

The first cheque

Investors noticed the fleet. Mukul Arora of SAIF Partners (now Elevation Capital) first spoke to Majety in August 2014, when Swiggy was little more than a splash page, and offered a term sheet that October. He waited for a technology co-founder before committing, then “went all in”. “Harsha’s customer obsession and real understanding of industry pain points stood out very clearly,” Arora wrote later [19].

SAIF and Accel invested about US$2 million in early 2015; the prospectus dates the Series A agreement to 5 February 2015 [22] [1]. Within five months Norwest Venture Partners led a US$16.5 million Series B [23].

By July 2015 Swiggy had 650 delivery executives and 800 restaurants across three cities [24]. Not everyone was convinced. “The big question would be the business model feasibility,” a rival founder told Business Standard that month [24]. It is a question that has followed Swiggy ever since.

Building the empire

Surviving the first food-delivery war

“We were born in the middle of a war in food delivery,” Majety likes to say. There were about a dozen funded players in 2015 [31]. TinyOwl, Foodpanda and Ola’s food experiments faded; Swiggy and Zomato survived.

The money followed the survivor. Bessemer led a US$15 million round in September 2016 [32]. In May 2017 South Africa’s Naspers (now Prosus) led a US$80 million round and became Swiggy’s most important backer [33]. In 2018 the tap opened fully: US$100 million in February, US$210 million in June at a valuation of about US$1.3 billion, which made Swiggy a unicorn less than four years after launch, and then US$1 billion in December at US$3.3 billion [34] [35] [36].

Sumer Juneja, then at Norwest, described what investors saw: a founder from “a strong product mindset” who “totally understood financials”, and who “seeks feedback, takes quick decisions” [20]. Flipkart co-founder Binny Bansal praised Swiggy for scaling “without shortcuts” [25].

Growth was expensive. Swiggy’s loss rose roughly six-fold to Rs 2,364 crore in FY19 [37].

Everything, delivered

With capital came experiments. Swiggy opened Access, kitchens it built and rented to restaurants, in 2017 and grew it to about 1,000 kitchens by 2019 [34] [40]. It bought Mumbai’s delivery startup Scootsy and the milk-subscription service Supr Daily in 2018, and added a pick-up-and-drop service, Genie [74] [46] [1].

In January 2020 the competitive map changed. Uber sold its Indian food business to Zomato, turning a three-way fight into a duopoly [39]. Swiggy had itself held merger talks with UberEats in 2019, according to press reports at the time, which fell through [38].

The pandemic and the grocery bet

Then came the lockdown. Orders fell from nearly 3 million a day to under 1 million [40]. In May 2020 Majety cut 1,100 jobs, calling it “easily the hardest and longest deliberated decision”, and a further 350 in July [40] [41]. That May, Rahul Jaimini also left, to join a startup called Pesto Tech [42].

In the middle of that retreat, Swiggy launched what would become its biggest bet. Instamart, its grocery delivery service, began in 2020 [1].

Capital returned quickly. SoftBank’s Vision Fund 2 and Prosus co-led a US$1.25 billion round in 2021 at US$5.5 billion. In January 2022 Invesco led US$700 million at US$10.7 billion, making Swiggy a decacorn [43] [44]. The same year it added the restaurant-booking platform Dineout and led a US$180 million round in the bike-taxi firm Rapido [1] [45].

The IPO

Swiggy went public in November 2024. The offer of Rs 11,327 crore at Rs 390 a share, made up of Rs 4,499 crore of new shares and Rs 6,828 crore sold by existing investors, opened on 6 November 2024 and was subscribed 3.6 times [3] [2]. Prosus alone sold about 10.9 crore shares bought at an average of Rs 131 [2].

The cover of the prospectus carries a line in capitals that is rare for an Indian founder-led company: “OUR COMPANY DOES NOT HAVE AN IDENTIFIABLE PROMOTER” [1]. Majety is classified as a public shareholder.

The shares listed on 13 November 2024, opened at Rs 420 on the NSE and closed the first day at Rs 456 [4]. Press reports estimated that about 5,000 current and former employees shared roughly Rs 9,000 crore of stock-option wealth, with about 500 becoming crorepatis [51].

Majety, who rarely appears in public, spoke briefly. That the college-project idea had been executed at all was “a rarity”, he said, and at this scale “an absolute miracle” [28].

After the bell

Listed life has been harder. The stock touched a record Rs 617 in December 2024, fell below its IPO price in February 2025 and has stayed there for most of the time since [57] [52].

The reason is quick commerce. Instamart was early, but Zomato’s Blinkit proved first that groceries could arrive in 10 minutes. Majety has not hidden it. “Credit to Blinkit,” he said before the IPO, adding, “I’d be lying if I said we knew it all along” [29]. By the end of FY26 Blinkit had 2,243 dark stores to Instamart’s 1,143 [66].

Catching up cost money. Swiggy’s net loss grew from Rs 2,350 crore in FY24 to Rs 3,117 crore in FY25 and Rs 4,154 crore in FY26, even as revenue doubled from Rs 11,247 crore to Rs 23,053 crore [2] [4] [59].

Majety responded with a string of balance-sheet moves:

• September 2025: sold Swiggy’s Rapido stake for about Rs 2,399 crore to Prosus and WestBridge, after Rapido entered food delivery; Swiggy had invested about US$125 million in 2022 [53] [45].
• September 2025: moved Instamart into a separate step-down subsidiary [54].
• December 2025: raised about Rs 10,000 crore from institutions through a QIP at Rs 375 a share, below the IPO price [55].
• 2026: restructured ownership so that Swiggy qualifies as an Indian-owned-and-controlled company, which allows Instamart to hold its own inventory rather than act only as a marketplace [70].

That last step produced the most public setback of his career, described below.

Where things stand

By 2026 Majety had changed his tone. Swiggy, he said, would not join a discount war against Walmart-owned Flipkart, Reliance and Amazon in quick commerce, even if it lost some customers [60]. He told analysts the company had made a “very contra choice”, and Instamart shed more than 4 million unprofitable users [64].

The latest numbers show both halves of the business. In the July-September 2026 quarter (Q2 FY27), revenue was Rs 7,571 crore and the net loss Rs 922 crore. Food delivery earned an adjusted EBITDA of Rs 341 crore, its highest ever. Instamart, with 1,240 dark stores in 133 cities, lost Rs 895 crore on the same measure. Cash stood at Rs 13,662 crore [68] [7].

Investors were not reassured. The stock fell about 16% the next day to close at Rs 176.70, roughly 55% below the IPO price [69]. A week later Tencent sold its entire remaining stake of about 2% for Rs 982 crore [71].

In August 2026 the company set itself a public target: adjusted EBITDA of about Rs 10,000 crore by FY31 [9]. Majety is now the only one of the three original co-founders still at Swiggy; Nandan Reddy resigned in April 2026 [58].

How his wealth is held

Almost all of Majety’s wealth is Swiggy stock. He held 6.23% before the IPO on a fully diluted basis [1], and 12.61 crore shares, or 4.57%, at the end of December 2025 [5].

Just before the IPO he was granted 4.86 crore stock options, then valued by Inc42 at about Rs 1,748 crore [50]. His reported remuneration for FY26 was about Rs 551 crore, but nearly all of that was the taxable value of options he exercised; his fixed pay was Rs 1.4 crore [72].

He sold only a small part of his holding: about 6.7 lakh shares before the IPO and up to 17.5 lakh shares in it [77] [2].

The 360 ONE Wealth Creators List 2026 put his wealth at Rs 3,280 crore [73]. With the share price having fallen since, any such figure moves daily.

The setbacks and failures

Bundl. The first startup lasted less than a year and died when its market consolidated [21] [22].

Cloud kitchens. Swiggy Access, about 1,000 kitchens at its peak, was scaled down during the pandemic and the remainder sold to Kitchens@ in a share swap in March 2023 [40] [48].

Supr Daily. The subscription-grocery service bought in 2018 was pulled out of five of its six cities in May 2022 [46].

A long list of closed experiments. The meat marketplace was shut in 2023. Genie, the seller-storefront tool Minis, the services marketplace Pyng and the quick-snack app Snacc followed in 2025 and early 2026 [47] [75] [76] [56].

Layoffs. After 2020 came a second round. In January 2023 Swiggy cut 380 jobs. Majety’s note to staff did not blame the market alone: “Our overhiring is a case of poor judgement, and I should’ve done better here” [47].

The valuation whiplash. Invesco, which led the US$10.7 billion round, had marked Swiggy down to US$5.5 billion within a year [49]. The public market has since been harsher.

Losing the quick-commerce lead. This is the costliest miss. A company that launched grocery delivery in 2020 found itself with roughly half the dark stores of its main rival six years later [66].

Controversies and allegations

The competition case (CCI)

Allegation: The National Restaurant Association of India complained to the Competition Commission of India in 2021 that Swiggy and Zomato imposed unfair terms on restaurants. On 4 April 2022 the CCI ordered an investigation [1]. In November 2024, Reuters reported that the investigation arm’s confidential report had found that both companies breached competition law, including by favouring restaurants that listed exclusively and by pressing partners to maintain price parity [79].

Response: Swiggy said the matter was “at a preliminary stage and no final decision or order has been issued”, and that it was cooperating fully [80]. It told investigators its “Swiggy Exclusive” programme had been phased out in 2023 [79].

What happened next:

• Swiggy went to the Karnataka High Court over the CCI’s refusal to let it cross-examine third parties whose statements are on record. The court granted an interim stay on proceedings against Swiggy on 17 March 2026 and extended it in April [81].
• In July 2026 the restaurant association sought interim relief against Zomato alone [82].

Status: Pending. As of 10 November 2026 we found no final CCI order against Swiggy. An investigation report is not a finding of guilt; the Commission has yet to rule.

Quick-commerce pricing

Allegation: A distributors’ federation, AICPDF, asked the CCI in 2024-25 to investigate Blinkit, Instamart and Zepto for alleged below-cost pricing that hurt small retailers [83].

Response: No public response from Swiggy was reported in the coverage we read.

Status: In April 2025 the CCI asked the federation for more evidence [84]. No formal investigation has been reported.

The 2017 anonymous blog

Allegation: In July 2017 an anonymous blog, claiming to be written by former and departing employees, alleged that Swiggy inflated order numbers, squeezed restaurants on commissions, deleted bad reviews and left delivery staff uninsured [85].

Response: Majety published a point-by-point rebuttal the same day. He said commissions “are a function of the value we generate for the restaurant”, affirmed the order figures, denied deleting reviews, said delivery executives had accident and health insurance, and questioned whether the authors were employees at all [85].

Status: The authors were never identified and no regulator took the matter up. The claims remain unverified.

Delivery partners’ pay and conditions

Allegation: Swiggy’s riders have struck repeatedly over pay: in Chennai and Hyderabad in August 2020, in Kochi for more than a week in November 2022, and as part of nationwide union-led strikes on 25 and 31 December 2025 [86] [87] [88]. The Fairwork India project, which rates platforms on labour standards, gave Swiggy 1 out of 10 in 2020 [89].

Response: Swiggy has disputed the unions’ pay figures, saying in 2020 that the contested Rs 15 was “only one of the seven components” of a rider’s payout [86]. It points to insurance cover for delivery partners and, in December 2025, offered higher festive payouts [88]. Its Fairwork score had risen to 6 out of 10 by 2024 [90].

What happened next:

• A petition by a gig-workers’ federation seeking social-security rights, in which Swiggy is a respondent, has been before the Supreme Court since 2021. In February 2025 the court told the Union government to “pull up your socks” on implementation [14].
• Swiggy, with other platforms, has challenged Karnataka’s gig-workers law. In July 2026 the High Court declined to stay the law and told platforms to deposit the welfare fee [91].
• In January 2026, after the labour minister met quick-commerce firms, Instamart dropped its “10-minute” branding [92].

Status: The Supreme Court petition and the Karnataka challenge are both pending.

Tax disputes

Allegation: The GST intelligence wing issued Swiggy a show-cause notice of about Rs 327 crore covering July 2020 to March 2022, over tax on delivery fees [93]. In April 2025 Swiggy disclosed an income-tax assessment order adding about Rs 158 crore to its income for FY22 [94].

Response: On the income-tax order, Swiggy said it “has strong arguments against the order” and would appeal [94].

What happened next: One earlier tax episode ended in Swiggy’s favour. In 2019, during a GST investigation, the company deposited about Rs 27 crore. The Karnataka High Court later held that the money had been collected illegally and ordered a refund, dismissing the government’s appeal in March 2022 [95].

Status: The 2020-22 GST notice and the income-tax matter are unresolved as far as public records show.

The Rs 33 crore embezzlement

Allegation: This time Swiggy was the complainant. Its FY24 annual report disclosed that a former junior employee had embezzled about Rs 33 crore from a subsidiary [96].

Response: The company said it hired an external team to investigate, filed a police complaint and wrote off the amount [96].

Status: Karnataka’s CID took over the investigation in October 2024 [97]. No outcome has been reported.

Food safety and consumer orders

Allegation: In July 2026 the food regulator FSSAI issued nine notices to Instamart over complaints including expired products and licence discrepancies on listings [15]. Separately, a Karnataka food-safety officer issued a prohibition order on Swiggy’s Toing app over licence particulars [11]. In November 2024 a consumer commission in Telangana held, in an order passed in Swiggy’s absence, that it had overstated a delivery distance to charge a higher fee [98].

Response: Instamart said it was reviewing the flagged listings and working with the authorities [15]. On Toing, Swiggy told the exchanges the order “involved no food safety concerns”, that a modified licence was received within days and that no penalty was levied [11].

Status: The Toing matter is closed. The outcome of the nine Instamart notices has not been reported. In the Telangana case the commission ordered a refund and about Rs 35,000 in compensation and costs [98].

The 2026 shareholder vote on founder board rights

Allegation: In April 2026 Swiggy asked shareholders to amend its articles so that it could become an Indian-owned-and-controlled company. Bundled into the same resolution was a right for Majety to nominate himself and one senior executive to the board, with a similar right for co-founder Phani Kishan Addepalli. The proxy adviser IiAS recommended voting against, and investors including LGIM, CalPERS and CPPIB opposed it, arguing that board rights should follow shareholding [61]. On 21 May 2026 the resolution failed with about 72.4% support against the 75% needed [61].

Response: Swiggy said the proposal was “not intended to give founders sweeping control”, created no veto and remained subject to board and shareholder approval [62].

What happened next:

• By early July 2026 foreign shareholding had fallen below 50% [63].
• The board proposed a 49.5% cap on foreign ownership and revised amendments, which shareholders approved at the AGM on 18 August 2026 with large majorities [67] [8].
• In October 2026 Majety said Swiggy had the approvals needed to qualify as Indian-owned and would begin moving Instamart to an inventory model [70].

Status: Resolved. It was a matter of governance, not of law, but it is rare for an Indian founder-CEO to lose a shareholder vote.

Legal matters that name Majety personally

Allegation: As chief executive, Majety has been named in a few proceedings arising from the company’s operations:

• In 2018 a Delhi magistrate summoned him after delivery partners allegedly ransacked a restaurant in Kalkaji [13].
• The prospectus discloses a criminal complaint filed in October 2023 by GST intelligence officers in Hyderabad against the company, Majety, Nandan Reddy and the CFO, alleging wrongly claimed input tax credit [1].
• It also discloses notices to Majety from the Deputy Labour Commissioner, Lucknow, in 2022 and 2023, alleging that the company failed to maintain statutory registers and engaged child or adolescent workers [1].
• In May 2026 a district consumer commission in Kurnool issued non-bailable warrants against Swiggy officials, including its managing director, for not complying with an order to pay Rs 55,000 to a customer who received chicken in a vegetarian biryani [99] [100].

Response: In the Delhi matter, Majety challenged the summons. Swiggy has challenged the GST complaint before the Telangana High Court [1]. No company comment on the Kurnool warrants was reported.

Status: The Delhi High Court quashed the summons in January 2019, noting that he was based in Bengaluru, far from the incident [13]. The GST complaint and the Lucknow notices were listed as pending in the September 2024 prospectus; we found no later public update. The Kurnool matter was adjourned to June 2026 and its outcome has not been reported [99]. As of 10 November 2026 we found no court or regulatory finding of personal wrongdoing against Majety.

Giving back

Majety has no personal foundation on record, and Swiggy, being loss-making, had no statutory CSR obligation in FY26 [102].

What exists is tied to the business. In March 2020 he gave half his annual salary to a COVID-19 relief fund for delivery partners [101]. Swiggy says its insurance programme, renewed in October 2026, covers more than 25 lakh delivery partners for accidents and hospitalisation [104]. A 2024 tie-up with the Ministry of Skill Development, Swiggy Skills, offers training to delivery partners and restaurant staff [103].

As an investor he backs other founders. In 2026 he and Nandan Reddy each put about Rs 5 crore into the space startup Skyroot Aerospace [105].

He stays out of view. “I never built this to be a public figure. Never,” he told Forbes India. “The company we are building and the work we are doing need to be relevant. I don’t need to be relevant” [30]. In that he is the opposite of his chief rival, Zomato founder Deepinder Goyal.

Succession

Swiggy has no promoter family and no heir. Its largest shareholder is Prosus, with about 21%; SoftBank holds about 6% [5]. The board is chaired by an independent director, Anand Kripalu [8].

Majety’s current term as Managing Director and Group CEO runs for five years from 1 April 2024 [1]. Under him, Rohit Kapoor runs food delivery, Nandita Sinha, a former Myntra chief executive, took over Instamart in August 2026, and Rahul Bothra is CFO [65] [10].

Majety has said plainly that the company is not for sale [27]. Who runs it after him will be the board’s decision, not a family’s. He has spoken of his “love for the Tata Group” and of wanting to build an institution of that kind [78], the house that Jamsetji Tata founded.

What their journey teaches

A failed startup can be paid tuition. Bundl taught Majety that Indian logistics was badly run. Swiggy was built on exactly that observation, with food as the product [16].

Choose the hard part of the problem. Listing restaurants was easy and profitable. Running a delivery fleet was neither, and for that reason few rivals could copy it [27].

Find the co-founder you are missing before you scale. Bundl had no technologist. Swiggy’s first investor waited until Rahul Jaimini joined before writing the cheque [19].

Say “I got it wrong” in writing. On overhiring in 2023 and on missing 10-minute delivery, Majety put his errors on the record [47] [29]. It did not fix the problems, but it kept his credibility with employees and investors.

Being first is not the same as leading. Instamart launched in 2020. Blinkit, a later convert to speed, ended FY26 with nearly twice the stores [66]. An early start is worth little without sustained investment.

A founder with under 5% leads by consent. The failed vote of May 2026 showed that in a widely held company, even the person who built it must win every argument on its merits [61].

More plain-English explainers on IPOs, valuations and listed companies are on CapitalVia Insights.

A profile for general reading, based on public records and reporting as of 10 November 2026. Not investment, tax or legal advice.

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38. Merger talks between Swiggy and UberEats hit roadblock - The News Minute, Apr 2019
39. Uber sells food delivery business in India to Zomato - TechCrunch, Jan 2020
40. India's Swiggy to cut 1,100 jobs, scale down cloud kitchen operations - TechCrunch, May 2020
41. Swiggy axes 350 jobs in second round of lay-off - KrASIA, Jul 2020
42. Swiggy co-founder Rahul Jaimini quits, to join Pesto Tech - The Week, May 2020
43. Swiggy sweeps up $1.25bn - Global Venturing, Jul 2021
44. Swiggy swipes $700m in series K round - Global Venturing, Jan 2022
45. Rapido Raises $180 Mn From Swiggy, TVS Motor - Inc42, Apr 2022
46. Swiggy Shuts Down Supr Daily In Five Cities - Inc42, May 2022
47. Swiggy lays off 380 employees; CEO Majety says overhiring poor judgement - PTI via Onmanorama, Jan 2023
48. Loss-Making Swiggy Sells Its Kitchen Infra Business Access To Kitchens@ - Inc42, Mar 2023
49. Invesco Cuts Swiggy's Valuation Once Again, Marks Down To $5.5 Bn - Inc42, May 2023
50. Swiggy Allots ESOPs Worth INR 1,748 Cr To Founder Sriharsha Majety Pre-IPO - Inc42, Oct 2024
51. Swiggy IPO turns 500 employees crorepatis - Upstox, Nov 2024
52. Swiggy, 2024's biggest tech listing, falls below its IPO price - TechCrunch, Feb 2025
53. How will Rapido stake sale and Instamart revamp aid Swiggy? Nomura decodes - Business Standard, Sep 2025
54. Swiggy To Hive Off Instamart As A Separate Step-Down Subsidiary - Inc42, Sep 2025
55. Swiggy closes Rs 10,000 Cr QIP at nearly 4% discount to floor price - Entrackr, Dec 2025
56. Swiggy Shuts Snacc - Open, Feb 2026
57. Swiggy hits all-time low; stock tanks 26% thus far in CY2026 - Business Standard, Mar 2026
58. Swiggy Co-founder Nandan Reddy Steps Down, CFO and CGO Join Board - Outlook Business, Apr 2026
59. Swiggy Q4: Loss Narrows 26%, Revenue Up 45% YoY - Inc42, May 2026
60. Swiggy won't engage in Walmart-Reliance spending war even if it means losing some customers - Business Today, May 2026
61. Why Swiggy Failed The Shareholder Litmus Test - Inc42, May 2026
62. Swiggy says failed shareholder resolution aimed at governance, not founder control - Economic Times via inkl, May 2026
63. Swiggy becomes majority Indian-owned by shareholding as foreign stake falls below 50% - Business Today, Jul 2026
64. Swiggy's Instamart Hits Contribution Margin Breakeven In Q1 FY27 - Inc42, Jul 2026
65. Swiggy appoints ex-Myntra chief Nandita Sinha as Instamart CEO; Amitesh Jha steps down - Outlook Business, Jul 2026
66. How IPO-bound Zepto compares with quick commerce rivals Blinkit and Instamart - Outlook Business, Jul 2026
67. Swiggy Shareholders Vote To Cap Foreign Ownership At 49.5% - Inc42, Aug 2026
68. Swiggy Q2: Loss Narrows 16% YoY To Rs 922 Cr, Revenue Jumps 36% - Inc42, Oct 2026
69. Swiggy Shares Plunge 17% To 52-Week Low After Q2 - Inc42, Oct 2026
70. Swiggy To Begin Instamart Inventory Model Transition - Inc42, Oct 2026
71. Swiggy block deal: Rs 982 crore worth shares change hands - Business Today, Oct 2026
72. Founder Salaries Tracker FY26 - Inc42, Oct 2026
73. Sri Harsha Majety: 360 ONE Wealth Creators List 2026 - 360 ONE, Jul 2026
74. Swiggy acquires Mumbai-based on-demand delivery platform Scootsy - YourStory, Aug 2018
75. After Genie, Swiggy Pulls the Plug on Its SaaS Platform Minis - Outlook Business, Jul 2025
76. Swiggy To Shut Professional Services Marketplace Pyng - Inc42, Oct 2025
77. Swiggy's Sriharsha Majety, Investors Sold Shares Worth INR 670 Cr Ahead Of IPO - Inc42, Oct 2024
78. Inception to IPO and building institutions: The Swiggy story - YourStory, Nov 2024
79. Exclusive: India finds Zomato, Swiggy food delivery businesses breached antitrust laws, documents show - Reuters via ThePrint, Nov 2024
80. Zomato, Swiggy Address CCI Probe, Affirm Adherence to Competition Standards - Outlook Business, Nov 2024
81. Karnataka HC Extends Interim Protection For Swiggy Against CCI Probe - Inc42, Apr 2026
82. Explained: The Zomato price-parity case and why restaurants oppose it - Business Standard, Jul 2026
83. Small retailers vs quick commerce: antitrust case for predatory pricing - Reuters via Business Today, Mar 2025
84. CCI seeks evidence in complaint against quick commerce companies - Business Standard, Apr 2025
85. Swiggy CEO posts lengthy denial of Tumblr blog's allegations - MediaNama, Jul 2017
86. Swiggy delivery partners protest against reduced payouts and slashed incentives - Business Insider India, Aug 2020
87. Kochi's Swiggy strike: another chapter in the continuing struggle of gig workers - Newslaundry, Nov 2022
88. Zomato, Swiggy offer increased payout to gig workers amid strike call by unions on New Year's Eve - PTI via ThePrint, Dec 2025
89. Urban Company most fair, Swiggy, Zomato and Uber least: report on working conditions - ThePrint, Dec 2020
90. Fairwork rating report 2024: Zomato, Swiggy score 6 - MediaNama, Oct 2024
91. Karnataka Gig Workers Act explained - Business Standard, Jul 2026
92. Curtains on 10-min delivery: Zepto, Swiggy, Flipkart follow Blinkit to drop branding - PTI via The Week, Jan 2026
93. IPO-Bound Swiggy Facing INR 327 Cr GST Demand - Inc42, Sep 2024
94. Swiggy receives Rs 158 crore tax demand notice; plans to challenge order - PTI via Business Standard, Apr 2025
95. Karnataka High Court orders govt to refund Rs 27 crore GST amount illegally collected from Swiggy - Bar and Bench, Mar 2022
96. Former Swiggy employee embezzled company of Rs 33 crore: Report - Deccan Herald, Sep 2024
97. Karnataka CID Takes Over Probe Into Swiggy's Complaint Of INR 33 Cr Embezzlement - Inc42, Oct 2024
98. Swiggy fined Rs 35,000 for going the extra mile in delivery charges - Business Standard, Nov 2024
99. Consumer Commission Issues NBWs Against Swiggy CEO, Top Officials - Deccan Chronicle, May 2026
100. Non-Bailable Warrants Issued Against Swiggy Officials In Kurnool Veg Biryani Case - ETV Bharat, May 2026
101. Swiggy sets up a COVID-19 relief fund for its delivery partners; founder donates 50% of his annual salary - Business Insider India, Mar 2020
102. Swiggy CSR spending FY 2025-26 - India CSR, Jul 2026
103. Ministry of Skill Development partners with Swiggy to launch Swiggy Skills initiative - ANI via ThePrint, Sep 2024
104. Swiggy continues to support delivery partners with financial protection - HR Katha, Oct 2026
105. Swiggy founders invest Rs 4.99 crore each in Skyroot Aerospace - NewsBytes, Jun 2026