Swiggy’s 10-year journey: From zero orders on day one to IPO plans and Bollywood backing

Sriharsha Majety, Co-founder and CEO of Swiggy, recently shared insights on the food delivery platform’s early days and its decade-long journey. Reflecting on Swiggy’s humble beginnings, Majety revealed that the platform received no orders on its launch day, August 6, 2014. However, the very next day marked a turning point with their first-ever order, setting the stage for what would become a household name across India.

In a LinkedIn post, Majety expressed gratitude to the early users who embraced the platform and helped it grow. He highlighted the example of one of Swiggy’s earliest partners, Truffles, which initially received just two orders a day. Today, Truffles handles up to 7,261 orders in a single day, showcasing the remarkable growth Swiggy has achieved.

Swiggy now partners with over 300,000 restaurants across the country. Majety credited much of this success to early adopters who became integral to the company’s journey.

Looking ahead, Swiggy is preparing for a major milestone—a debut on the Indian stock market. The company, based in Gurugram, plans to raise between $1 billion to $1.2 billion through its initial public offering (IPO), targeting a valuation of $15 billion. If successful, this could be one of the largest IPOs in India this year.

Adding to the buzz, media reports indicate that the family office of Bollywood megastar Amitabh Bachchan has acquired a small stake in Swiggy by purchasing shares from the company’s employees and early investors.