The journey of how Swiggy became India's fastest unicorn

The journey of how Swiggy became India's fastest unicorn

Swiggy founders (from left) Nandan Reddy, Rahul Jaimini and Sriharsha Majety. Photo: Mint

When Swiggy started out in 2014, it was seen as a late entrant to an overcrowded market. The online food ordering and delivery market was not considered attractive back then, and Zomato, the leader in food-tech, had decided not to expand its delivery business, which was seemingly messy and unviable. Yet, in less than four years, Swiggy is part of the much-vaunted league of “unicorn” startups. It has also forced an about-turn from Zomato, which is now investing hundreds of crores of rupees to catch up with Swiggy, which sits pretty at the top of the online food ordering business.

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