Sriharsha Majety: Visionary Behind Swiggy

We have lived in times when going out to eat meant the celebration of special occasions. Then came a period when visiting a restaurant became almost a weekend thing & now, we live in a ‘Netflix & chill’ era where we prefer food reaching us to going out to eat. And surprisingly this can be done with just a click.

The food & restaurant industry has undergone a huge transformation in the past few decades. One of the many factors that drove this transformation is the online food ordering platforms. Online food ordering today is almost synonymous with Swiggy.

In this article, let’s explore the journey of Sriharsha Majety, one of the brains behind this online food revolution.  

Sriharsha Majety Biography

Sriharsha Majety - Education
Sriharsha Majety - Career
Sriharsha Majety - Swiggy
Sriharsha Majety - Personal life
Sriharsha Majety - Personal Investments
Sriharsha Majety - Partner Investments
Sriharsha Majety - Awards & Recognitions
Sriharsha Majety - Quotes

Sriharsha Majety - Education

Majety has a diverse and impressive educational background that laid the foundation for his entrepreneurial journey.

He holds an engineering degree in Electrical & Electronics and a Master's degree in Physics from the Birla Institute of Technology and Science, Pilani.

After his Engineering, he signed up for the CFA Program but soon found that it wasn't what he wanted to do. Majety had not settled with whatever came his way but always wanted to do things with passion. Further, he went on to pursue a postgraduate diploma in Management at the prestigious Management school, IIM, Calcutta.

This unique blend of technical and business education was instrumental in shaping his vision for the upcoming business adventures.

Swiggy—Delivering happiness at your doorstep!

Swiggy is a food delivery application. It allows the users to access their application from Android, IOS, and website, to order food from nearby restaurants. Read about Swiggy founders,funding and business model.

StartupTalkyVidhi Punamiya

Sriharsha Majety - Career

Majety’s career has many ups, downs & learnings. His professional life started as an Associate at Nomura International, a London-based company. He stayed there for a year before quitting. Later, he quit his job so that he could get connected with the startup ecosystem and build up his own business. He wanted to learn & explore things before jumping into his own business.

He traveled across Europe & Asia and this is what he says about his experience:

“I traveled 3500 km from Portugal to Greece by bicycle over 3 months and continued overland from Turkey to Kazakhstan through public transport and hitchhiking. Using the time from the career switch to gain some perspective and learn more about the world we live in has been my most rewarding decision to date.”

As a beginning to his entrepreneurial journey, in 2013, he along with his BITS companion Nandan Reddy, founded their first venture Bundl. Bundl was a logistics intermediary that linked courier service providers with small and medium-sized businesses.

A year passed by and both of them analysed the market to realise that there was a gap to be filled in the restaurant industry’s logistics which connects restaurants with customers.

Thus, came into the picture, the now-very-popular Swiggy, founded by Majety, Nandan Reddy & Rahul Jaimini who was an IIT Kharagpur alumnus and software engineer.

The journey there onwards, though had ups and downs, has been very successful to the point that Swiggy is one of the first names that comes to our mind when we say online food order.

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Sriharsha Majety - Swiggy

Founded in 2014, Swiggy is one of the most successful food ordering and delivery platforms which was started as an eCommerce company called Bundl Technologies Pvt. Ltd.

It is headquartered in Bengaluru from where it had started its operations. It initially had six delivery executives and was serving around 25 restaurants. Later in 2015, Swiggy expanded its operations to eight more cities in India including NCR, Mumbai, Chennai, and Kolkata.

Over the years, Swiggy has found huge popularity & spread across many cities all over India. It has also diversified into many new areas like Cloud kitchen service, hyperlocal courier service, hyperlocal shopping, and Kitchen incubator business.

Swiggy also launched “She The Change- From Vision to Venture" to encourage & recognize women entrepreneurs. This initiative highlights how food delivery services support and encourage women's entrepreneurship around the nation.

With little over 100 restaurant partners in 2015, Swiggy has decided to go public and received the approval of its shareholders for a $1.3 billion IPO in 2024. This stands as a testament to the huge success that Swiggy has acquired in the past ten years.

Majety being the biggest stakeholder among the three founders, is seen as the face of Swiggy.

On 9th October 2024, IPO-bound Swiggy granted $271 million Esops to the founder Sriharsha Majety, and the top management of the company. Majety has been given most of the company’s stock options, worth almost $200 million. This will increase his 6.23% stake in the company by an extra 2.2 to 2.5%. Together with selling shares worth $7.5 million in the IPO, this move makes his position stronger before the company goes public.

A Complete List of Startups Acquired by Swiggy

Read the article to get a detailed insight on top acquisitions by Swiggy including names like 48East, Dineout, Scootsy, Kint.io, and Supr Daily.

StartupTalkyMahenoor Mansuri

Sriharsha Majety - Personal Life

Sriharsha hails from a family of entrepreneurs who stand as a great inspiration for him. His father used to own a restaurant in Vijayawada, Andhra Pradesh. His mother is a doctor.

He is married to Neetha Majety whom he had met in IIM Kolkata.

Sriharsha, unlike many other successful business giants, stays below the radar & doesn’t seem to like the limelight much. Not much is known about his family as he is generally seen talking more about business in interviews.

Sriharsha Majety - Personal Investments

Below are the personal investments made by Sriharsha Majety:

Sriharsha Majety - Partner Investments

Sriharsha also made some partner investments and below is the detail about them:

Sriharsha Majety - Awards & Recognitions

Sriharsha has been awarded with the following accolades:

• The Economic Times recognized Majety with the “Entrepreneur of the Year” Award in 2019.
• He was also enlisted under IIFL Wealth Hurun India 40 & Under Self-Made Rich List 202

Sriharsha Majety - Quotes

Talking about Swiggy, he says,

While talking at the 6th Edition of ASCENT eConclave 2021, he says, "It has been a very character-building year for me. I find myself asking deeper questions every time while deciding what can go wrong and doing premortems a lot better."

FAQs

Who is Sriharsha Majety?

Sriharsha Majety is co-founder and CEO of Swiggy.

What is Swiggy?

Swiggy is an Indian online food ordering and delivery platform, founded in 2014. Headquartered in Bangalore, Swiggy operates in over 580 cities across India as of July 2023.

What is Sriharsha Majety education?

Sriharsha holds an engineering degree in Electrical & Electronics and a Master's degree in Physics from the Birla Institute of Technology and Science, Pilani. After his Engineering, he signed up for the CFA Program but soon found that it wasn't what he wanted to do. Further, he went on to pursue a postgraduate diploma in Management at the prestigious management school, IIM, Calcutta.

Who is Sriharsha Majety wife?

Sriharsha Majety is married to Neetha Majety whom he had met in IIM Kolkata.