Three young entrepreneurs, Rahul Jaimini, Shriharsha Mazetti, and Nandan Reddy, started Swiggy, an online food ordering and delivering platform, to solve the problems of many who are unable to cook for themselves or go out to eat. Through which people can order food of their choice at any time while sitting at their home or office.
About the Founders
Swiggy’s founder Sriharsha Majetti says he founded the company with two other friends, Nandan Reddy and Rahul Jaimini. Rahul and Sriharsha graduated from IIT Kharagpur and Birla Institute of Technology and Science (BITS), Pilani, respectively, while Nandan Reddy and Sriharsha graduated from BITS, Pilani.
Initiated by the startup of Bundl Logistics
Sriharsha worked in a bank for a year after he completed his engineering, but he had a strong desire to start his own business, which prompted him to resign. He collaborated with friend Nandan Reddy to create their startup, after which they both founded their own logistics company, “Bundl”, but the company did not last long and in 2014, they shut it down.
Swiggy debuts with 5 delivery boys
Majetti decided to start an online food delivery business after seeing the failure of his logistics company, Bundl. Having transformed his plan into reality, he launched the company with five delivery boys in August 2014, laying the foundations for Swiggy.
Success comes from hard work
First major funding for Swiggy came from Accel and SAIF Partners in the amount of 2 million dollars. Swiggy received funding in 2015 from Norwest and two Venture Capital firms. More than 70,000 orders were consistently delivered by Swiggy, by 2015, after more than 100 restaurants were ready.
Swiggy raised $80 million in a Series E round of funding led by Naspers, other existing investors also taking an interest, making it Swiggy’s largest investment to date.
Sriharsha Majety, Nandan Reddy, and Rahul Jamini’s trio put in a great deal of patience and hard work to become successful. It was because of their hard work and patience that Swiggy became the country’s largest food aggregator.