Swiggy did not receive a single order on its first ever day, co-founder and CEO Sriharsha Majety revealed on the day the food delivery giant completed 10 years.
Gig workers prepare to deliver orders outside Swiggy's grocery warehouse at a market area in New Delhi, India, May 6, 2024. (Priyanshu Singh/Reuters)
“When we launched Swiggy on August 6, 2014, we ended the day with zero orders," Majety wrote on a post on LinkedIn. "The next day, we got our first-ever order, marking the true beginning of our journey.”
Majety thanked the early adopters of Swiggy who “helped make ‘Swiggy it’ a household phrase across the country.”
“Amongst our earliest partners was Truffles, which started with just two orders a day on Swiggy,” he said. “Since then, they've done as many as 7,261 orders in a single day.”
How many orders a day has Swiggy managed to get today?
Swiggy currently delivers anywhere between 2-2.5 million orders a day, according to a spokesperson, and partners with over 3,00,000 restaurants across the country, according to Majety.
The Bengaluru-based Swiggy is to go public later this year. Meanwhile, the already listed Gurugram-based rival Zomato clocked a profit for the fifth consecutive time for the first quarter of the financial year 2024-25.
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Zomato shares gained 111% so far this year, with its market capitalisation going over $25 billion.
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Zomato shares gained 111% so far this year, with its market capitalisation going over $25 billion.
What does Swiggy's CEO say about having a listed competitor Zomato?
Majety believes that having a listed competitor has both pros and cons to it.
“Having a listed competitor is both good and bad," Majety said at the August 9 Moneycontrol Startup Conclave in Bengaluru. “We don’t have to explain what on-demand is, what the gig worker economy means and what hyperlocal is – all of these are the positives.”
However, "the negative is that quarter-on-quarter, you are going to be compared on the trajectory,” he said.
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Home/Business/Swiggy had zero orders on first ever day, CEO Sriharsha Majety says
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