Swiggy, from a forgotten idea to Rs 1 trillion market cap on listing

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Swiggy, from a forgotten idea to Rs 1 trillion market cap on listing - Business Standard

Quick Summary:

The company’s senior leadership confirmed that they invested $1.3 billion in Swiggy to build their stake to 31 per cent.

Majety, who has largely shunned the spotlight, shared reflections on his entrepreneurial path and the strategic pivots he and his co-founders navigated in building Swiggy.“We started with code aggregation, then pivoted to logistics, and that became Swiggy.

For example, since its listing in 2021, Zomato’s market capitalisation has gone ahead of companies like Nestlé India, Varun Beverages, Britannia Industries, Godrej Consumer Products, and United Spirits, according to data from Bloomberg and exchanges.