Swiggy Revenue and Usage Statistics (2023)

Swiggy is a Bengaluru-headquartered food delivery startup founded in 2014 by Sriharsha Majety, Rahul Jaimini, and Nandan Reddy. 

Company Overview

  • Founders: Sriharsha Majety, Rahul Jaimini, Nandan Reddy
  • Founded Date: 2014
  • Headquarter: Bengaluru, India
  • Number of Employees: 15,000+
  • Crunchbase Profile: Profile Link

Swiggy Revenue Statistics

  • Swiggy announced on July 13, 2023, that it has entered into a definitive agreement to acquire LYNK Logistics, a retail distribution company. (Reuters)
  • Swiggy’s revenue from operations (gross revenue) increased 2.2 times to Rs 5,705 in the fiscal year ended March 2022 compared to Rs 2,547 in FY21.
  • In May 2023, Swiggy said its food delivery business had become profitable, eclipsing its public rival Zomato in another key measure.
  • In May 2022, Swiggy announced that it is acquiring Dineout, a popular dining out and restaurant tech platform, for $200 million. (Techcrunch)
  • In January 2022, Swiggy raised $700 million at a $10.7 billion valuation. (Techcrunch)
  • Invesco, the leading investor in Swiggy’s previous funding round, initially valued the startup at under $5.5 billion. However, in a recent disclosure, it was revealed that Invesco subsequently raised Swiggy’s valuation to $7.85 billion by the end of July 2023. (Techcrunch)
Swiggy Valuation
July 2023$7.85 billion
2022$10.7 billion
2021$5.5 billion
2020$4.9 billion
20183.3 billion
2016$123 million

+ Swiggy’s Instamart grocery service is set to reach an annualized gross merchandise value run rate of $1 billion in the next three quarters of 2022. 

+ Swiggy revenue grew 2.8 times between June 2020 and June 2021, according to investor SoftBank

+ In 2021, Swiggy nearly doubled its food delivery business’ gross order value. 

+ According to Prosus, Swiggy revenue from food delivery grew by 56% year-on-year in the April-September period in 2021, up 91% from May 2020. 

+ As of 2022, Swiggy operates in more than 500 cities in India. 

Swiggy Usage Statistics

+ As of August 2021, Swiggy has 20 million monthly active users. 

+ As of August 2021, Swiggy is the second most popular food delivery app in India. (Statista)

+ As of January 2022, Swiggy has 185,000 restaurant partners in India. 

+ On New Year’s Eve 2021, Swiggy delivered 9,049 orders per minute. In 2021, 1.59 million orders were delivered per day on the food delivery platform. 

Written by Maya Robertson


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