19 September 2017, India:
Online food delivery startup Swiggy is looking to hire a new chief operating officer (COO) for its main marketplace business and is also in the process of building out a new “cloud kitchen” vertical for which it is searching a suitable candidate as its new chief executive officer (CEO), as per the report by The Mint. The food startup has shortlisted few executives from Reckitt Benckiser India.
“As India’s leading food ordering and delivery platform, Swiggy is continuously looking to strengthen our team, including leadership, to support and enable our growth and increased scale of business. Our vision is to change the way India eats, and Swiggy will continue to drive innovation through various initiatives that not only benefit our customers but also the marketplace,” Swiggy spokeswoman told The Mint.
Swiggy is a food ordering and delivery company based out of Bangalore, India. It was inspired by the thought of providing a complete food ordering and delivery solution from the best neighborhood restaurants to the urban foodie. A single window for ordering from a wide range of restaurants, It has an exclusive fleet of delivery personnel to pick up orders from restaurants and deliver it to customers. Swiggy has over 12,000 restaurants on its delivery platform and delivers meals within 37 minutes of an order as the startup claims.
Swiggy had recently raised $80 million in Series E funding from Naspers. The round also saw the participation from existing investors including Accel India, SAIF Partners India, Bessemer Venture Partners, Harmony Partners and Norwest Venture Partners.
Swiggy’s arch-rival Zomato recently acquired hyperlocal delivery startup Runnr to strengthen its delivery business. Meanwhile, Nomura Financial Advisory and Securities (India) Pvt. Ltd has valued Zomato at $1.4 billion. Zomato’s valuation uptick by Nomura comes at a time when the company is in advanced talks to raise up to $200 million from Chinese e-commerce giant Alibaba and its payment affiliate Ant Financial.
From Vancouver to Auckland, Zomato is used by millions every day to decide where to eat in over 10,000 cities across 24 countries. Zomato gathers information from every restaurant on a regular basis to ensure the data is fresh and updated. The community of food lovers share their reviews and photos, so we have all that we need to make an informed choice. (Source- The Mint, Image- Swiggy)