‘At that time we did not receive a single order from the entire country’, Swiggy CEO makes a big revelation

Who doesn’t know the food and grocery delivery company Swiggy today? Swiggy is a great example of setting up a successful business with patience. This company, which started in the year 2014, has a different identity in the market today. In the last few years, Swiggy has expanded its reach to many cities and ventured into on-demand grocery, package and liquor delivery.

This year, Swiggy is celebrating its 10th anniversary. On this occasion, the company’s co-founder and CEO Sriharsha Majety talked about the company’s journey, including the challenges he faced in the initial days. On Tuesday, Majety shared a long post on LinkedIn and thanked all those who have been an integral part of his Swiggy family.

In the post, he also recalled the zero orders on the first day of launch and wrote, ‘When we launched Swiggy on August 6, 2014, we didn’t get a single order for the whole day. The next day, we got our first order, which truly started our journey. One of our early partners was Truffles, which started with just two orders per day on Swiggy.’

Majety thanked all the partners who believed in Swiggy when food delivery was a very new thing in the country. He said, ‘Their trust and partnership has been invaluable, and they are definitely like members of the core founding team that has brought Swiggy to where it is.’

He said- Today Swig is partnered with more than 300,000 restaurants, this is a milestone for us which we give credit to those who adopted it in the early days. Thank you for being a partner in our journey, we are going to do even better. Many LinkedIn users congratulated Majety on his post.

Founded in 2014, Swiggy has reached a valuation of USD 12.7 billion by April 10, 2024, according to a Business Today report. Swiggy is also set to enter the stock market this year on its 10th anniversary. With the company already having a presence in the market of Zomato, Swiggy CEO Sriharsha Majety also commented on the challenges and advantages of being a listed competitor at the Moneycontrol Startup Conclave. He said, ‘Being a listed competitor is both good and bad. We don’t have to explain what on-demand is, what the gig worker economy means and what hyperlocal is – these are all positives. The negative thing is that quarter-on-quarter your comparison will be based on trajectory.’