Swiggy

Swiggy engaged in the business of authorised distribution of fast-moving consumer goods to kirana stores, small retailers etc. Swiggy Limited was incorporated as `Bundl Technologies Private Limited' as a Private Limited Company, dated December 26, 2013, issued by the Registrar of Companies, Andhra Pradesh at Hyderabad. Company changed the name to "Swiggy Private Limited" to which a fresh Certificate of Incorporation dated April 1, 2024 was issued by the RoC, CPC. The Company got converted into a Public Limited Company and the name was changed to `Swiggy Limited' via fresh Certificate of Incorporation dated April 10, 2024 issued by the RoC. Swiggy is a consumer-first technology company offering users an easy-to-use convenience platform - to browse, select, order and pay for food (Food Delivery), grocery and household items (Instamart), and have their orders delivered to their doorstep through on-demand delivery network. The business platform can be used to make restaurant reservations (Dineout) and for events bookings (SteppinOut), avail product pick-up/ drop-off services (Genie) and engage in other hyperlocal commerce (Swiggy Minis, among others) activities. The Company launched Food Delivery business in 2014 and later on, expanded the same to cover 500+cities in 2019. "Swiggy Instamart" and "Swiggy Genie" got launched in 2020. The Company acquired the DineOut business and introduced restaurant discovery, bookings and payment services in 2022. It further expanded the Swiggy Instamart to cover 25 cities, 400+ Dark Stores and 8,400+ SKUs in 2022. In 2022, the Company launched "Swiggy Minis". It acquired 100% stake in Lynks Logistics Limited, making it a wholly owned subsidiary in 2023. It further launched "Swiggy Mall" in 2023. The Company expanded the EV fleet to nearly 7,500 active electric vehicles in 2023. The Company launched the initial public offer of issuing 290,494,914 equity shares having the face value of Re 1 each, by raising funds aggregating to Rs 11,328 Crore, comprising a fresh issue of 115,407,051 equity shares aggregating to Rs 4500 Crore and offer for sale of 175,087,863 equity shares aggregating to Rs 6828 Crore in November, 2024. Company launched Pyng, an AI-driven platform connecting users to verified service professionals, and SNACC, a standalone offering delivering quick bites, beverages and functional meals in FY 2025.