Wednesday, June 25, 2025
  • Home
  • About us
  • Privacy policy
  • Advertise with us
  • Contact us
Fii News Logo
No Result
View All Result
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports
Newsletter
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports
Fiinews
No Result
View All Result
Home Banking & Finance

Backed by US$1.45bn funds, Swiggy expands to 60 cities

Fiinews by Fiinews
May 2, 2019
in Banking & Finance, Economy, Technology
Reading Time: 1 min read
A A
0
0
SHARES
10
VIEWS
LinkedinShare on Twitter

0:00

Serving the underserved

Swiggy

 

Swiggy, with about US$1.45 billion raised in 2018, has expanded to 60 Indian cities with a network of 55,000 restaurant partners and a fleet of over 120,000 delivery drivers.

The food-tech startup has emerged as one of the top companies in the highly competitive Indian hyper-local food-delivery market, according to a report by ResearchAndMarkets.

Despite fierce competition and high operating costs, Swiggy registered strong growth in operating revenues and order volumes through FY 2018, said the report “Success Case Study: Swiggy Food Delivery – A disruptive food-tech start-up that has revolutionized the food delivery space in India”.

The company raised about US$1.45 billion in funds through 2018, making it one of the most valuable food tech start-ups in the country.

Swiggy has identified an underserved need for convenient and more personalized food-delivery services among net-savvy urban Indians, according to the report.

The company adopted a data-driven and customer-centric approach to executing orders in a timely and dependable manner.

Swiggy has gained a strong following through its constant commitment to refining its user experience and develop innovative service offerings to fulfill various consumer needs.

There is strong demand for hyperlocal services that offer convenience and time savings to consumers with consistent quality and reliability.

Food delivery services need to shift focus from customer acquisition to customer retention, said the report.

The report covered Bundl Technologies, Swiggy, Zomato, Dazo, SpoonJoy and Yumist, TinyOwl, Foodpanda, UberEATS, Kint.io, 48East, Accel Partners, SAIF Partners, Norwest Venture Partners (NVP), RB Investments, NVP, Naspers, Tencent, Hillhouse, Bessemer Venture Partners, Meituan-Dianping, DST Global, Coatue, Facebook, Instagram, Twitter and YouTube. fiinews.com

Tags: 48EastAccel PartnersBessemer Venture PartnersBundl TechnologiesCoatueDazoDST GlobalFacebookFoodPandaHillhouseInstagramKint.ioMeituan-DianpingNaspersNorwest Venture Partners (NVP)NVPRB InvestmentsSAIF PartnersSpoonJoy and YumistSwiggyTencentTinyOwlTwitterUberEATSYouTubeZomato
ShareTweetShare

Related Posts

Vthink (1)
Technology

Tech: Enterprises shifting to AI-automation

by Fiinews
June 25, 2025
0
14

AI as a tool should be used selectively in the manufacturing More and more enterprises are shifting to AI-automation to...

Intellipaat Logo
Technology

Tech: Intellipaat integrates Agentic AI

by Fiinews
June 23, 2025
0
13

DevOps is evolving, says Chittora Intellipaat, a global leader in professional upskilling, has launched a groundbreaking transformation of its flagship...

India Ai

Tech: Vexoo Labs builds factual AI for MSMEs

June 23, 2025
15
Justenergy

Tech: HCLTech to enhance operations at Just Energy

June 23, 2025
14
Ltimindtree Eurobank

Tech: LTIMindtree launches AI ecosystem

June 21, 2025
13
Sonatype

Tech: Sonatype opens Hyderabad centre to scale AI

June 21, 2025
15
SBI YONO

POPULAR NEWS

  • Cristina Dnv

    Projects: Indian yards set to build green ships, says DNV expert

    0 shares
    Share 0 Tweet 0
  • Market: Indian-origin UGF scales heritage consumer brands globally

    0 shares
    Share 0 Tweet 0
  • Technologies: Royal Diamond sponsors aerspace Industries’ drones in UAE

    0 shares
    Share 0 Tweet 0
  • Investments: Foreign investors see India as long-term destination for fund placings

    0 shares
    Share 0 Tweet 0
  • Markets: Blue Dart maintains positive outlook on India

    0 shares
    Share 0 Tweet 0

Fiinews.com features through news articles on business opportunities in the Indian market for the benefits of foreigners. It is also a platform for international businesses to showcase through elaborate articles on their products & services to the Indian consumers and corporations exploiting industrialisation of the country.

7Clicks Media is a Singapore based Media & PR company offering over 100,000
impressions via our targeted communication strategy.

It is led by editor-in-chief Gurdip Singh who has worked over 45 years reporting on
Asian businesses.

Recent News

  • Tender: EMC 2.0 approved for Gautam Buddha Nagar
  • Tender: Rs.3,626.24cr of Pune Phase-2 approved
  • Market: CVI shows uptick in economic activity
  • Export: Credlix launches India-Mexico service
  • Project: TDB supports BatX’s battery recycling

Pages

  • About US
  • ADVERTISE ON FIINEWS.COM
  • CONTACT US
  • EVENTS
  • FII-NEWS.COM PDF ARCHIVE
  • Home
  • News
  • PRIVACY POLICY

Subscribe to Newsletter

  • About
  • Advertise
  • Careers
  • Contact us

© 2024 FIINEWS - Design and developed by 7clicksmedia.

No Result
View All Result
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports

© 2024 FIINEWS - Design and developed by 7clicksmedia.