Sriharsha Majety, co-founder and CEO of Swiggy, has established himself as a key player in India’s startup scene, leading one of the country’s most successful online food delivery platforms. Swiggy, founded in 2014 and based in Bangalore, has become a household name in food delivery. Recently, it was approved by SEBI for its IPO, positioning it for significant growth in the market.
Born in Andhra Pradesh, Majety grew up in an entrepreneurial family. His father owned a restaurant, and his mother pursued a medical career, instilling a blend of business sense and dedication. He later earned an engineering degree from the Birla Institute of Technology and Sciences (BITS) in Rajasthan, followed by a Master’s in Physics and a Post-Graduate Diploma from IIM Calcutta.
Before launching Swiggy, Majety worked at Nomura International in London and embarked on a transformative journey, travelling over 3,500 kilometres by bicycle and exploring various countries. This experience shaped his perspective and decision-making.
Returning to India, he co-founded Bundl, a courier services aggregator, which eventually evolved into Swiggy. With the addition of coder Rahul Jaimini, Swiggy officially launched in 2014 and quickly transformed the food delivery landscape in India. By January 2022, it was valued at approximately Rs 87,500 crore.
Majety’s success is reflected in his estimated net worth of Rs 1,400 crore and a reported salary of Rs 1 crore in 2019. He remains a humble figure, showcasing the potential of innovative startups in India.
