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Swiggy Limited

Swiggy Limited (formerly Bundl Technologies Private Limited) is a Bengaluru-headquartered, publicly listed (NSE: SWIGGY / BSE: 544285) online food-ordering, food-delivery and quick-commerce (Instamart) platform, incorporated 26 Dec 2013 and IPO-listed in November 2024.

ActiveYes — publicly listed. NSE symbol: SWIGGY; BSE scrip code: 544285. IPO listed November 2024. Class: Listed Public Limited Company, Non-government company (confirmed).RoC-Bangalore (Karnataka)
AI Overview Generating…

Swiggy Limited, headquartered in Bengaluru and publicly listed (NSE: SWIGGY / BSE: 544285), operates one of India's largest on-demand convenience platforms. Founded in 2013, it specializes in online food ordering, quick commerce, and logistics, including services like Swiggy Instamart and Dineout. Despite significant revenue growth, Swiggy reported a consolidated net loss of ₹4,154 crore for FY2026. It remains equity-funded, with its IPO in November 2024 raising approximately $1.25 billion. Swiggy is also involved in ongoing legal matters, including a Competition Commission of India antitrust probe.

AI-generated, may contain errors.

Business Overview

  • Swiggy operates one of India's largest on-demand convenience platforms: online food ordering and delivery, core marketplace, quick commerce/instant grocery, Swiggy Instamart, Supr Daily, subscription grocery, Dineout, dining-out/reservations, and logistics (Scootsy).
  • Founded 2013 as Bundl Technologies Private Limited
  • Renamed Swiggy Limited on conversion to a public company ahead of its November 2024 IPO. Headquartered in Bengaluru, Karnataka.

Sector & Classification

Online food ordering/delivery and quick commerce (e-commerce/internet marketplace and logistics). CIN activity prefix 74110. Precise official NIC-2008 code/description: not definitively obtained.

Directors & Key Management

Anand Thirumalachar Kripalu
Chairperson & Independent Director · DIN 00118324
Shailesh Vishnubhai Haribhakti
Independent Director · DIN 00007347
Suparna Mitra
Independent Director · DIN 07135817
Faraz Khalid
Independent Director · DIN 01449885
Sri Harsha Majety
MD · DIN 06680073
Ashutosh Sharma
Nominee Director · DIN 07825610
Renan De Castro Alves Pinto
Nominee Director · DIN 03118947
Rahul Bothra
CFO · DIN 08189873
Roger Clarks Rabalais
CEO · DIN 07304038
Sahil Barua
CEO · DIN 05131571
Anand Daniel
Nominee · DIN 03441515
Sumer Juneja
Directors & KMP · DIN 08343545
Directors — source notes

CURRENT BOARD (as of ~27 Jul 2026, corrected by all three verifiers for the Apr/Jun-2026 reshuffle): Anand Thirumalachar Kripalu (DIN 00118324) — Chairperson & Independent Director; Shailesh Vishnubhai Haribhakti (00007347) — Independent; Suparna Mitra (07135817) — Independent; Faraz Khalid (01449885) — Independent Director, appt 25 Jul 2025 (5-yr term to 24 Jul 2030); Sri Harsha Majety (06680073) — Co-founder, MD/CEO; Ashutosh Sharma (07825610) — Nominee Director; Renan De Castro Alves Pinto (03118947) — Nominee Director (MIH India Food Holdings B.V./Prosus), effective 11 Apr 2026 [DIN single-sourced to TheCompanyCheck — mildly unverified]; Phani Kishan Addepalli — Co-founder & Chief Growth Officer, Executive Director effective 1 Jun 2026 [DIN not obtained]; Rahul Bothra (08189873) — Group CFO, elevated to Executive Director effective 1 Jun 2026. KMP: Cauveri Sriram — Company Secretary & Compliance Officer w.e.f. 25 Jul 2025 (no director DIN). RECENTLY CEASED: Lakshmi Nandan Reddy Obul / "Nandan Reddy" (06686145) — Co-founder, resigned as Whole-Time Director eff. 10 Apr 2026; Roger Clarks Rabalais (07304038) — Prosus/MIH nominee, resigned ~10/11 Apr 2026 (replaced by Pinto); Sahil Barua (05131571) — ceased 11 Apr 2025 (now Delhivery CEO); Anand Daniel (03441515) — Accel nominee, ceased 25 Jul 2025; Sumer Juneja (08343545) — SoftBank nominee, ceased 25 Jul 2025. All DINs cross-checked against Swiggy's own Aug-2025 statutory register (Register of Directors & KMP) and multiple secondary sources; no invented or conflated DINs found.

GST Registrations

Primary Karnataka GSTIN (registered office): 29AAFCB7707D1ZQ — Karnataka, Status Active, registered 01 Jul 2017, legal/trade name "Swiggy" (confirmed via knowyourgst.com direct fetch). Other confirmed Karnataka (code 29) registrations under same PAN: 29AAFCB7707D1C1 (reg. 29/09/2018), 29AAFCB7707D2ZP (reg. 28/03/2018), 29AAFCB7707D2C0 (reg. 03/08/2019). knowyourgst indicates a large multi-state footprint ("96 GST registrations" claimed). INDICATIVE-ONLY (NOT individually verified — do not cite without checking): Delhi 07AAFCB7707D1ZW/07AAFCB7707D2C6; Maharashtra 27AAFCB7707D1ZU/27AAFCB7707D1C5; Tamil Nadu 33AAFCB7707D1Z1/33AAFCB7707D2CB; Telangana 36AAFCB7707D1ZV/36AAFCB7707D2C5; Gujarat 24AAFCB7707D1Z0/24AAFCB7707D2CA. Full verified state-by-state list with per-registration status: not obtained.

Financials

AI Overview Generating…

Swiggy Limited reported consolidated revenues from operations of ₹23,053 crore in FY2026, a 51% increase year-over-year. The company posted a net loss of ₹4,154 crore due to Instamart expansion impacting profitability. Total assets reached ₹25,237 crore, with cash equivalents at ₹6,695 crore.

AI-generated, may contain errors.

  • Basis: CONSOLIDATED preferred (listed group). All ₹ crore, FY ended 31 March. FY2024: Revenue from operations ~11,247, approx, inferred from FY25 "+35% YoY"
  • Net loss ~−2,350. FY2025: Revenue from operations 15,227 (+35% YoY)
  • Total income 15,623
  • Consolidated net loss −3,116.7
  • Total equity/net worth ~10,219–10,220
  • Total assets 15,205
  • Total borrowings 28.23
  • Cash & equivalents 6,695, as of 31-Mar-2025. FY2026 (latest audited): Revenue from operations 23,053 (+~51% YoY)
  • Total income 23,561
  • Consolidated net loss −4,154, widened as Instamart/quick-commerce expansion weighed on profitability
  • Net worth 18,314
  • Total assets 25,237
  • Borrowings ~100.
  • EBITDA: Swiggy reports "Adjusted EBITDA", ~−740 Cr framing for FY25, which differs from a straight P&L computation, TheCompanyCheck computes FY25 EBITDA ≈ −2,390.
  • CAVEATS: standalone (Tofler, entity-only, materially lower — e.g.
  • FY25 total income ₹8,796.5 Cr, net worth ₹12,009.7 Cr) diverges sharply from consolidated — use consolidated for group performance
  • Primary Swiggy shareholder-letter/results PDFs did not parse, so figures rely on aggregators + news reports of the primary results, NOT direct PDF extraction
  • No dedicated adversarial verification pass ran on financials. Segment-level audited detail and officially-reported per-FY EBITDA: not obtained.

Funding History

  • IPO: ~$1.25bn issue, listed November 2024
  • Primary issuance raised to ₹4,499 Cr with the OFS component cut to ~175.1mn shares, Business Standard.
  • Historically VC/PE-funded, Prosus/Naspers, SoftBank, Accel, Tencent, Norwest, DST, Elevation, etc., across private rounds.
  • Itemized round-by-round private funding history, Series A–J amounts/dates: NOT OBTAINED in this pass.

Shareholding

AI Overview Generating…

Swiggy Limited’s significant shareholders include MIH India Food Holdings (30.93%), SoftBank SVF II Songbird LLC (7.75%), and Accel India (4.71%). Founder Sriharsha Majety holds 6.23% individually. Swiggy operates as a professionally-managed company without an identifiable promoter.

AI-generated, may contain errors.

  • Pre-IPO / DRHP basis (~25 Oct 2024): MIH India Food Holdings (Prosus/Naspers) 30.93% (largest)
  • SoftBank SVF II Songbird (DE) LLC 7.75%
  • Accel India 4.71%
  • Inspired Elite Investments 3.88%
  • Tencent Cloud Europe B.V. 3.64%
  • Norwest Venture Partners VII-A-Mauritius 3.41%
  • DST EuroAsia V B.V. 3.23%
  • Elevation Capital V 3.10%.
  • Founder individual holdings: Sriharsha Majety 6.23%, Lakshmi Nandan Reddy Obul 1.76%, Rahul Jaimini 1.14%.
  • Swiggy declared itself a professionally-managed company with NO identifiable promoter at IPO, founder stakes are individual, not a promoter block.
  • Register-level demat holdings, per Aug-2025 statutory register: Majety 11,24,57,587 shares
  • Nandan Reddy 3,16,80,866, now a departed-director figure
  • Rahul Bothra 8,64,417
  • All other directors NIL. Post-IPO promoter/public split as of 31 Dec 2025: NOT OBTAINED, official BSE shareholding-pattern PDF was font-encoded/unparseable.

Loans & Charges

Charge holderAmountDetails
Standard Chartered Bank₹20.0 Crcreated 25-Jun-2021
Axis Bank Ltd₹5
HDFC Bank Ltd₹5
  • Open (registered) charges — reliable figure: 3 0 crore (Tofler):
  • 0 Cr (09-Feb-2022) — consistent with bank-guarantee/working-capital security, not term debt. CONFLICT: TheCompanyCheck/other aggregators variously cite "₹130.00 Cr open" and "₹165.25 Cr settled / 8 loans total"
  • The ₹30 Cr open figure matches Tofler and is treated as reliable, the ₹130 Cr open figure appears to be an aggregator error, and the ₹165.25 Cr settled/8-loan history is unverified against primary charge documents, lender names/dates for satisfied charges not obtained.

Credit Ratings

  • None found.
  • No public CRISIL/ICRA/CARE/India Ratings rating for Swiggy Limited or its former name Bundl Technologies Pvt Ltd was obtained.
  • ICRA rationales surfaced, id 132329 for Kochar Infotech; id 140636 for Reliance Industries, name Swiggy only as a client — false positives.
  • The company is essentially equity-funded, VC/PE rounds + Nov-2024 IPO, with negligible rated debt, consistent with the small bank-guarantee-type charges above
  • A public rating most likely does not exist as of Jul-2026. The "Tofler Score = Very Good" is NOT a credit rating.

Competitive Landscape

  • Swiggy — food delivery + Instamart quick commerce + dining-out. Key competitors: Eternal / Zomato, rev ~₹12,100 Cr; m-cap ~₹2.5 L Cr
  • Zepto, GMV ~₹10,000 Cr; ~$5B val
  • Blinkit, GMV ~₹12,500 Cr (Eternal)
  • BigBasket, GMV ~₹10,000 Cr (Tata).

Frequently Asked Questions

What does Swiggy Limited do?

Swiggy Limited (formerly Bundl Technologies Private Limited) is a Bengaluru-headquartered, publicly listed (NSE: SWIGGY / BSE: 544285) online food-ordering, food-delivery and quick-commerce (Instamart) platform, incorporated 26 Dec 2013 and IPO-listed in November 2024.

What is Swiggy Limited's CIN?

Swiggy Limited's Corporate Identification Number (CIN) is U74110KA2013PLC096530.

What is Swiggy Limited's GST number?

Swiggy Limited's primary GSTIN is 29AAFCB7707D1ZQ.

When was Swiggy Limited incorporated?

Swiggy Limited was incorporated on 26 December 2013.

Is Swiggy Limited listed on the stock exchange?

Yes, publicly listed. NSE symbol: SWIGGY; BSE scrip code: 544285. IPO listed November 2024. Class: Listed Public Limited Company, Non-government company (confirmed).

What are Swiggy Limited's latest financials?

Basis: CONSOLIDATED preferred (listed group).

Who are Swiggy Limited's main competitors?

Swiggy, food delivery + Instamart quick commerce + dining-out. Key competitors: Eternal / Zomato (rev ~₹12,100 Cr; m-cap ~₹2.5 L Cr); Zepto (GMV ~₹10,000 Cr; ~$5B val); Blinkit (GMV ~₹12,500 Cr (Eternal)); BigBasket (GMV ~₹10,000 Cr (Tata)).

Sources

BSE/NSE filings & annual report; tofler.in, thecompanycheck.com; BSE/NSE shareholding pattern; tofler.in; CRISIL, ICRA, CARE Edge, India Ratings rating rationales; MCA / DIN records via tofler.in, falconebiz.com; MCA charge index via tofler.in, falconebiz.com; MCA filings / annual report via tofler.in; inc42.com/buzz/swiggy-cofounder-lakshmi-nandan-reddy-resigns-three-new-directors-appointed/; inc42.com (DRHP shareholding); indiankanoon.org/doc/194698191; knowyourgst.com (GSTIN 29AAFCB7707D1ZQ); tofler.in, thecompanycheck.com, company disclosures & trade press; tofler.in/swiggy-limited/company/U74110KA2013PLC096530; thecompanycheck.com/company/swiggy-limited/U74110KA2013PLC096530; falconebiz.com/company/SWIGGY-LIMITED-L74110KA2013PLC096530

Information compiled from public registry and secondary sources. It may be incomplete or dated; verify independently before relying on it.