Oyo Rooms became the latest Indian startup to enter the unicorn club, and it’s done so in style — it raised a $1 billion round, and is now valued at nearly $5 billion. With wealth worth Rs 1400 crore, Sriharsha is one of the founders of Swiggy, the food delivery chain and he also owns Bundl Technologies. MN Srinivasu, Ajay Kaushal, Karthik Ganapathy, founders BillDesk, Net worth: Rs. Rajaram, who until a few years ago was India’s richest entrepreneur, had to battle through a difficult few years — he divorced his wife and co-founder Ambiga Subramaniam last year, and has since bought back his stake in the company. 1000 crore. (C) OfficeChai 2020. 8,600 crore. 3. All rights reserved. Rajaram, who until a few years ago was India’s richest entrepreneur, had to battle through a difficult few years — he, Binny Bansal has had a pretty spectacular year — in April, he helmed India’s biggest startup acquisition, when Flipkart was, While Binny Bansal chose to stay on with Flipkart after its acquisition by Walmart, Sachin Bansal chose to step aside. Sriharsha Majety had founded Swiggy after a 4000 kilometer solo trip around Europe. Third Co-founder of Swiggy, Rahul Jaimini is an alumnus of Indian Institute of Technology, Kharagpur and he is the Chief Technical Officer at Swiggy. Today, Swiggy is the leading food ordering and delivery platform in India. BillDesk was founded all the way back in 2000 by IIM alumni M.N. Taken together, Swiggy’s total losses also ballooned 6.1X from Rs 385 crore in FY18 to a mammoth Rs 2,345.6 crore in FY19. 200 crore a year. Zomato is an Indian restaurant aggregator and food delivery start-up founded by Deepinder Goyal and Pankaj Chaddah in 2008. 1,600 crore. Net worth: Rs. Swiggy works with small food joints as well as large restaurants chains. Sriharsha Majety (34), Swiggy Rs. With consistent improvements in their innovation, Swiggy has ensured it has secured the number one position in the country in relation to the online food ordering food. 2. The duo then started Directi in 1998, which now runs a host of tech businesses, including companies LogicBoxes, Zeta and Flock. Swiggy also levies a nominal delivery charges from customers on orders. 1000 crore. Both the Restaurants and Swiggy is benefitted from this process. Thanks to Walmart’s acquisition, Binny Bansal now has a personal net worth of Rs. It utilizes an innovative technology platform that allows customers to order food from nearby restaurants and get it delivered at their doorstep. He is India’s richest startup founder with a net worth of Rs. Thanks to all this, founder Ritesh Agarwal, at just 24 years old, is now worth a staggering Rs. 6. Rahul has 5 jobs listed on their profile. It collects commissions from restaurants for lead generation and for serving as a delivery partner. My review of Swiggy Super subscription. The company has successfully built its brand awareness and promotion. Back in the year 2014, they worked together on their first startup venture, Bundl, a logistics aggregator which connected small and medium companies to courier service providers. Swiggyacts as a bridge between customers and restaurants. 1000 crore each. 2,600 crore. He is the World’s youngest CEO at the age of 17. His well-renowned hotel brand has now spread its network in about 200 towns across […], Your email address will not be published. शिखा गर्ग इंडियन दिलवाले टीम अच्छी लेखिका हैं। इन्हे लेखन क्षेत्र में अच्छा लगता हैं , यह इंडियन दिलवाले के लिए अलग अलग विषयों पर लिखती हैं।. Since its commencement, Swiggy has quickly developed to become a leader in the Indian food delivery sector by consistently enhancing delivery timings and improving customer experience. Binny Bansal has had a pretty spectacular year — in April, he helmed India’s biggest startup acquisition, when Flipkart was acquired by Walmart at a valuation of $21 billion. Net worth: Rs. Dhiraj Rajaram, Founder MuSigma Swiggy uses its Social media not only for campaigning but to engage with its customers from solving the grievances and taking the feedback in order to improve that sector. Asia Startups Founded in 2014 . Net worth: Rs. Swiggy is a customer centric company which provides an online platform entirely dedicated to improving the process and experience of food order and delivery. What is Swiggy Super ? They wanted to change the scenario of Indian food industry and wanted it to develop in other aspects. He has a net worth of Rs. 1000 crore each. Entrackr had exclusively reported the shareholding pattern of Swiggy’s founding team in May this year. He made some serious money doing so — after exiting Flipkart, Sachin Bansal has Rs. Swiggy has received huge investments worth 155.5 million USD via six rounds of funding from Investors such as SAIF Partners, Harmony Partners, Naspers, Norwest Venture Partners, Bessemer Venture Partners, and Accel Partners etc. According to the RoC data filed by the company, the net worth of the company is Rs 3,86,34,590 with a turnover of Rs 7,41,702. 1000 crore. 14. Read More. Thus, Swiggy works as a single point of contact for ordering food from nearby restaurants. Restaurants were signed up, a delivery boys (full-time and part-time) were hired, customer using iOS and Android app and website were designed, all these were put together to make Swiggy a huge success. According to the data filed by the company, the net worth of Swiggy is Rs 3, 86, 34,590 with a turnover of Rs 7, 41, 702. Nandan Reddy (29) and Sriharsha Majety (31,) both alumni of Birla Institute of Technology and Science (BITS) Pilani, are second time lucky entrepreneurs. See insights on Swiggy including office locations, competitors, revenue, financials, executives, subsidiaries and more at Craft. When it comes to food and ordering food, India is a young country with a lot of undiscovered potential. Co-founder, Nandan Reddy has done MSc Physics (Hons.) Founders MN Srinivasu, Ajay Kaushal and Karthik Ganapathy are now worth Rs. 9. This website uses cookies to improve your experience. Sriharsha Majety is an alumnus of Indian Institute of Management, Calcutta and & BITS Pilani . The startup was started in August, 2014 and now the value of the company has reached more than billions. Its delivery team ensures fastest delivery that the customers must get food at minimum time. Bansal is now, Ola has been on an expansion spree this year — it’s expanded into, Byju’s founder Byju Raveendran has been everywhere this year — Byju’s has been adverting on television, newspapers, and even on grounds during cricket matches. Nandan Reddy owns 2.5% of Swiggy worth $77.73 million whereas Rahul Jaimini, who left Swiggy to join Pesto Tech as co-founder, holds 2% equity worth $62 million. Latest round Sep 2016. He made some serious money doing so — after exiting Flipkart, Sachin Bansal has Rs. Net worth: Rs. As the single founder of a newly-minted unicorn, Byju Raveendran now has a net worth of Rs. Swiggy is a web and mobile-based application based company that allows users to order food from restaurants and get delivery services. Nithin Kamath and family, Founder Zerodha ... Their net worth is estimated at 24,000 crore. A more profound look and they understood that the section needs to be sorted out and took it on themselves. 1,600 crore, Rs. The increased spending was clearly indicated in the Net Operating Cash Outflows which ballooned 6.5X to nearly Rs 2,328 crore in FY19 from Rs 357.2 crore in FY19. Sriharsha (Harsha) Majety, founder and CEO of Swiggy, saw his first opportunity in unorganized logistics and shipping sector of the e-commerce industry. He became the world’s second-youngest billionaire in 2020. Swiggy has partnered with Sodexo to allow customers to pay through Sodexo meal cards. Swiggy has 11,086 employees at their 1 location, $1.62 b in total funding, and ₹4.42 B in annual revenue in FY 2018. Net worth: Rs. Zomato’s had a good 2018 — it’s, India’s Boat Becomes The Fifth Biggest Wearables Brand In The World, Ideas To Prepare Your Office For Disaster Management, India’s “Spice King” MDH’s Dharampal Gulati Passes Away, E-Cell NIT Trichy Announces Ventura, Its International Business-model Competition. Swiggy was founded by Sriharsha Majety, Nandan Reddy, and Rahul Jaimini. Your email address will not be published. Swiggy Super is a subscription based service that stated recently. As per the Hurun rich list of 2018, there are as many as 19 Indian entrepreneurs with a net worth of over Rs. Swiggy has also tied up with business loan provider Indifi Technologies to provide collateral-free loans without initial deposits to its restaurant partners. My father runs a restaurant in Vijayawada, and plans to invest in the hospitality sector and my mother is a doctor by profession and has her own clinic. Food is what they thought of after having enough inconveniences of ordering food for themselves. Twiggy is an English model, actress and singer has an estimated net worth of $50 million. Paytm’s Vijay Shekhar Sharma has had a stellar year — he’s not only entered several new businesses, including movie tickets and mutual funds, but he’s also managed to snag an investment from the biggest name in the business, Warren Buffett’s Berkshire Hathaway. Most impressively, most of these companies were founded in the last decade or so. The startup has two major source of revenue. Sachin Bansal, cofounder Flipkart Net worth: Rs. Swiggy was founded by Sriharsha Majety, Nandan Reddy, and Rahul Jaimini. 1,600 crore. All these entrepreneurs run unicorns, and are uniformly young — the oldest is not even 50, and the youngest is Oyo’s Ritesh Agarwal, who’s just 24. 1.Divyank Turakhia, Founder Media.net 6,200 crore of cash in the bank. It is available for a month and 3 months plan at Rs 99 and Rs 149 respectively. Divyank Turakhia had started his entrepreneurial journey when he was in his teens, building websites and computers with his brother Bhavin. These companies were using technology and the convenience of mobile phones to boost customer satisfaction. Zomato’s had a good 2018 — it’s raised a fresh round of funding from Alibaba, run a very successful loyalty program in Zomato Gold, and also ramped up its food delivery business. With more than 12,000 restaurants in their list, delivery time of 37 minutes and reduced overhead costs, Swiggy has positioned itself at the top of this field. Before Swiggy, he has worked with Myntra and NetApp. With Swiggy, customers do not have to keep the contact numbers of various restaurants and food joints in their locality. And India’s richest startup entrepreneurs will gladly attest to that. But if you manage to emerge unscathed, the rewards can be very lucrative. 13. Photographs of her haircut were displayed in the hair salon and a fashion journalist discovered her beauty.In 1966, she was named "The Face of 1966" by the Daily Express and voted British Woman of the Year. ; Swiggy co-founder and chief technical officer Rahul Jaimini has resigned from the online food delivery company and will be joining as a co-founder of Pesto Tech, a career accelerator startup. Also, the most special feature provided by swiggy is that it does not have minimum order policy on any restaurant and it accepts online payments as well. 8. But he is now once again on the list of India’s richest entrepreneurs with a net worth of Rs. Deliveroo Divyank Turakhia now lives in Dubai, and flies planes in his spare time. In the world of e-commerce, many fledgling companies are struggling to make a mark. While Binny Bansal chose to stay on with Flipkart after its acquisition by Walmart, Sachin Bansal chose to step aside. 10,500 crore. It is connected to different kinds of restaurants, through which the customers can order the food. Sriharsha Majety, founder Swiggy 1,600 crore, Rs. Under these plan Swiggy claims of lots of benefits like Free Delivery, Surprise Treats and No Surge fees. Riju Ravindran is Byju’s Raveendran’s younger brother, who’s also a director at Byju’s. Vijay Shekhar Sharma, Founder Paytm To expand the growth of the company Swiggy offers many gift coupons and discounts. Funding View all funding. Net worth: Rs. Zomato provides information, menus and user-reviews of restaurants as well as food delivery options from partner restaurants in select cities. 30 Under 30: How Swiggy's co-founders changed the face of food delivery. The three of the Co-founders started Swiggy in 2014 with a head office in Koramangala, Bangalore. Twiggy started as a model during the 1960s. Total raised $68.5M. And for good reason too — Byju’s has said it is now close to being profitable, and has also, 10. Not losing hope, Sriharsha Majety and his co-founder decided to pursue another venture and took inspiration from the huge success of Ola & Uber. Zerodha has never raised external funding, but now registers profits of over Rs. Its valuation has crossed its past of $1 billion. Some of its offline campaigns include Secondtomom,#DiwaliGhayAayi, #SingwithSwiggy and Know your food series of pictures and food walks in a local area etc. Lists Featuring This Company. Net worth: Rs. Another 33-year-old on the list, Sriharsha Majety, founder and CEO of Swiggy, also shares his net worth figures with Bhati, at Rs 1400 crore. Zerodha founder Nithin Kamath likes to keep a low profile, but he might’ve built one of the most incredible businesses in the list. Swiggy Ropes In Myntra Founder Mukesh Bansal As Strategic Advisor October 6, 2016 Daily News Intelligence Centre News Online food ordering and delivery firm Swiggy has roped the blue-eyed-boy of India’s startup ecosystem Mukesh Bansal as a strategic advisor on its board. How Super is Swiggy Super ? While the initial idea of starting up for Majety was around solving logistics problems, he ended up building an on-demand delivery solution that … According to the Bloomberg Billionaires Index, Amazon.com Inc., founder’s net worth crossed $ 150 billion in New York, recently. 6,500 crore. 39 year old Devita Rajkumar Saraf, founder of VU Technologies is the only female in this under 40 self-made rich entrepreneurs. He discussed ideas with Nathan Reddy (Co-founder, Swiggy), and both of them were inspired by the success of Amazon, Flipkart, and others. According to the data filed by the company, the net worth of Swiggy is Rs 3, 86, 34,590 with a turnover of Rs 7, 41, 702 . A more profound look and they understood that the section needs to be sorted out and took it on themselves. 11,600 crore. 7,100 crore. The business started off fine. At third place, is Sriharsha Majety, the 33-year old founder and CEO of Swiggy. Founder Sriharsha Majety is number 15 on the list of the richest Indian startups under 40 with a net worth of Rs. Net worth: Rs. With love and support from consumers, Swiggy expanded far and wide, first through the entire city of Bengaluru and then across the entire country. View Rahul Jaimini’s profile on LinkedIn, the world’s largest professional community. His net worth is US$1.1 billion (February 2020). Net worth: Rs. Ankit Bhati is the man behind the scenes at Ola. Soon after the company got popular among users through online and offline promotions. Net worths: Rs. And for good reason too — Byju’s has said it is now close to being profitable, and has also entered India’s coveted unicorn club. 1,300 crore Sriharsha Majety had founded Swiggy after a 4000 kilometer solo trip around Europe. 2,600 crore. Batti Gul Meter Chalu Box Office Collection Day 3 | Sunday collection, 2.0 1st Day Box Office Collection | 2.0 First Day Box Office Collection, 2.0 3rd Day Box Office Collection | 2.0 Box Office Collection Day 3, Bhaiaji Superhit 2nd Day Box Office Collection Day 2 | Bhaiyaji Daywise Box Office Collection, Bhaiaji Superhit 1st Day Box Office Collection Day 1 | Bhaiyaji First Day Box Office Collection, Bhaiaji(Bhaiyyaji) Superhit Box Office Collection Day 1 | Total box office Collection|Daywise Collection. Like Bhati of Ola, Majety’s net worth stands at Rs 1400 crore. Binny Bansal chose to remain with the acquired entity, and will see Flipkart into its next phase of growth. The duo then started Directi in 1998, which now runs a host of tech businesses, including companies LogicBoxes, Zeta and Flock. The company was initially started up with 25 restaurants and five delivery personnel’s. Net worth: Rs. They saw the potential in hyper-local food delivery, and thus, the idea for Swiggy was born. He currently serves as the Chief Executive Officer (CEO) at Swiggy. (adsbygoogle = window.adsbygoogle || []).push({}); Shikha have  Excellent writing skills, as well as the ability to communicate and collaborate effectively. 1,600 crore, and Rs. Riju Ravindran, Byju’s Founded in 2016, Udaan is already worth more than a billion dollars, becoming the fastest Indian startup to reach the milestone, and its founders are worth Rs. Starting from discovery through visual menus, massive reduction in delivery time and no minimum order, Swiggy has become the highest used online platform. 1,400 crore Swiggy now competes directly with Zomato in food delivery, and is expanding into delivery of groceries and other items. Bjyu Raveendran, Founder Byju’s While Bhavish Agarwal is the public face of the company, Ankit Bhati has been its CTO since its inception, working on Ola’s technology stack. 10. Bundl was a logistics Aggregator company which connected small and medium companies to courier service providers. Jeff Bezos is the richest man in modern history, are you listening people? Net worth: Rs. Ritesh Agarwal is an Indian entrepreneur and the founder and CEO of Oyo Rooms. Funded over 4 rounds. Net worth: Rs. Swiggy is a leading food ordering and delivery service company in India. Earlier he had worked with other companies such as Galla, Zurna, IDinsight, Intellecap. 1,300 crore. Dhiraj Rajaram had founded MuSigma in 2004, and it has since become India’s most prominent data services company. Coming from a background of entrepreneurs, Sriharsha (Harsha) Majety, founder and CEO of Swiggy says, “Entrepreneurship was always in my blood. Berkshire Hathway’s investment valued Paytm and over $10 billion, and Vijay Shekhar Sharma’s net worth is now a cool Rs. Binny Bansal, co-founder Flipkart Oyo Room founder Ritesh Agarwal Success story, Ritesh Agarwal, Oyo Room founder Success story The teenage boy Ritesh Agarwal is the young Founder & CEO of OYO Rooms, fastest growing branded network of hotels offline & online. However, soon after a year into Bundl, the CEO’s realized their focus needs to change from the courier service to food industry in India. Amod Malviya, Sujeet Kumar, Vaibhav Gupta, founders Udaan 4. Swiggy has its own team of delivery personnel’s who picks orders from restaurants and deliver it at the customer’s doorstep. It connects with its Costumers through these channels. MN Srinivasu, Ajay Kaushal, Karthik Ganapathy, founders BillDesk Srinivasu, Ajay Kaushal and Karthik Ganapathy. While its valuation hasn’t changed all that much, founder Bhavish Agarwal’s net worth holds steady at a cool Rs. 1,300 crore respectively. 6,200 crore. Zomato founder Deepinder Goyal is an old hand on the list of richest entrepreneurs in India. 3,300 crore. Required fields are marked *. 2,930 Number of Organizations • $73.3B Total Funding Amount • … Net worth: Rs. 1,500 crore. Swiggy was founded by Sriharsha Majety, Nandan Reddy, and Rahul Jaiminiin in 2014 and is headquartered in Bangalore, Karnataka, India. This fascinating news comes right after the e commerce giant Amazon’s stock price surged after its Prime Day sale. 7,100 crore. 3,900 crore. Jeff Bezos who is 54 […] 1,300 crore Shriharsha Majety, the Founder of Swiggy had a solo trip of 4000 kms around Europe. Net worth: Rs. Chaddah will retain his stake in the company which stands at about 3.11% and is worth about Rs 237 crore post the latest funding by Ant Financial. In December 2017, Swiggy acquired Bengaluru-based gourmet Asian food startup 48East. 10,500 crore. 1,700 crore, Rs. from Birla Institute of Technology and Science and he heads operations at Swiggy. Last week, Zomato also allotted ESOPs worth nearly $52 million. 3,300 crore. It’s done well for itself since then — Swiggy’s now India’s biggest food delivery service, and just this year, saw its valuation zoom past $1 billion. And now, he managed to create a startup which is India’s biggest food delivery startup. 11. It promotes its campaigns through social networking sites like Facebook, Twitter, Youtube, Pinterest, and Instagram. Bhavish Agarwal, founder Ola We'll assume you're ok with this, but you can opt-out if you wish. Net worth: Rs. 5. Founder Deepinder Goyal’s net worth now stands at Rs. 8,600 crore. The company, Swiggy initially started from 5 Delivery Boys and now has employed more than 20 thousand Delivery executives. With more than 25,000 restaurant owners, Swiggy has its own team of delivery executives which operates across 13 different cities in India, including Bengaluru, Mumbai, Chennai, Delhi, Hyderabad, Kolkata and many more. According to the data filed by the company, the net worth of Swiggy is Rs 3, 86, 34,590 with a turnover of Rs 7, 41, 702. 3,900 crore. In the processes, Majety’s net worth has zoomed to Rs. It’s done well for itself since then — Swiggy’s now India’s biggest food delivery service, and just this year, saw its valuation zoom past $1 billion. Ola has been on an expansion spree this year — it’s expanded into Australia, the UK, and even New Zealand. 1,400 crore. Ritesh Agarwal, founder Oyo Rooms Bollywood|Box Office Collection|News|Tech News|Entertainment. They’d also founded an ad-tech firm Media.net, which was sold last year to a Chinese company for a record $900 million. Currently, Swiggy earns 30 percent of the shares on every order with the restaurant and also takes delivery charges from the consumers. Co-founder Nandan Reddy is an alumnus of Birla Institute of Technology and Science and he heads operations at Swiggy. As they say, the rest is history. Swiggy Net Worth. 1,300 crore. Swiggy’s marketing strategy consists of both online and offline campaigns. Seeing my family members being in charge, and taking control of what they do was an inspiration from early years.” says Harsha. As at that point of time, the food industry in India was not much developed. To ensure they are here for the long run, Swiggy has launched a large group of exciting highlights like Swiggy Pop, Swiggy Access and Swiggy Schedule. In 2014, both the alumnus of Swiggy, Nandan Reddy and Sriharsha Majety started their first startup, Bundl. 1,400 crore Majety, an IIM-Calcutta graduate, co-founded the food delivery start-up Swiggy with Nandan Reddy in 2014. This process has made it easier for the customers to get food anytime and anywhere. Nandan Reddy is an Indian restaurant aggregator and food delivery start-up founded by Deepinder is! Indian restaurant aggregator and food delivery, and Instagram many fledgling companies struggling! 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