Swiggy is a popular online food ordering and delivery platform IndiaIt recently received approval from the Securities and Exchange Board of India (SEBI) to raise capital through its much-awaited initial public offering (IPO). Apart from Swiggy, SEBI has also given green signal to the IPOs of Hyundai Motor, Acme Solar Holdings, Vishal Mega Mart and Mamta Machinery. Economic Times Report.
Founded in 2014, where is the food ordering and delivery platform headquartered? BangaloreIt was co-founded by Indian entrepreneur Sriharsha Majeti along with Nandan Reddy and Rahul Jaimini. Swiggy currently operates in over 500 cities and Majeti serves as the CEO of the company. Here are some interesting facts about this Indian entrepreneur who leads one of the most successful companies in the country.
Swiggy co-founder and CEO Sriharsh Majeti has a net worth of Rs 1,400 crore. Here’s how much he makes a monthly salary and 6 other things you need to know about the Indian entrepreneur
1. Come from a family of entrepreneurs
Born in Andhra Pradesh, Swiggy co-founder Sriharsha Majeti comes from a family of entrepreneursHis father owned a restaurant, while his mother was a doctor. dna,
2. Holds an engineering degree
After completing his schooling in Andhra Pradesh, Majeti studied engineering from the prestigious Birla Institute of Technology and Sciences (BITS). Rajasthan,
3. Other educational qualifications
Soon after completing his bachelor’s degree in engineering from BITS Pilani in 2008, Majeti enrolled in the master’s program in Physics at the prestigious institute. universityHe then took a year off, during which he passed Level 2 of the CFA program, before joining IIM Calcutta – from where he obtained a Post-Graduate Diploma.
4. Passion for travel
The co-founder and CEO of Swiggy started his professional career as an associate at Nomura International London-based company. After a year, he quit his job and pursued his passion of travelling. ,I traveled 3500 kilometers by bicycle in 3 months from Portugal to Greece and from Türkiye to Kazakhstan via public transportation and hitchhiking. Using the time off from a career switch to gain some perspective and learn more about the world we live in has been the most rewarding decision I’ve ever made,he wrote on LinkedIn.
5. The beginning of their entrepreneurial journey
after returning IndiaMajeti in collaboration with Nandan Reddy launches an aggregator bundle for courier services. However, entrepreneurs faced failure due to lack of strong technical support.
6. Launch of Swiggy
Teaming up with Rahul Janimini, a skilled coder, the duo transformed their company Bundle into an on-demand food ordering and delivery platform, and launched Swiggy in 2014. The move became a masterstroke for the trio as Swiggy instantly gained popularity, eventually reaching a valuation of $10.7 billion (roughly Rs. 87,500 crores) in January 2022, according to dna,
7. Net Worth and Salary
according to Mint, Financial Express And publicly available data, Majetti estimates net worth Of Rs 1,400 crore. Successful Indian entrepreneurs, who prefer to stay away from the limelight, took home a salary of Rs 1 crore in 2019, according to a dna Report.
