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Sriharsha Majety (born 12 September 1985) is an Indian technology entrepreneur. He is co-founder, managing and Group Chief Executive Officer of Swiggy.
Early Life and Education
editMajety was born on September 12, 1985, in Vijayawada, Andhra Pradesh, India. Majety showed an early interest in technology and business. He pursued his undergraduate studies in engineering at BITS Pilani, where he earned a degree in Electrical and Electronics Engineering and Master of Physics. Majety later attended the Indian Institute of Management Calcutta, to pursue a master's degree in finance. Majety's mother tongue is Telugu.[1]
Career
editMajety started working in finance soon after finishing school but later transitioned into entrepreneurship. In 2013, he started a logistics aggregator called Bundl that connected SMEs with couriers. After the ups and downs with Bundl had not reaped a lot of success, Majety and his co-founders saw promise in the nascent days of hyperlocal delivery in India.
Majety co-founded Swiggy, a food delivery service that connects customers with restaurants in 2014 along with Nandan Reddy and Rahul Jaimini. To stand out from competitors, it created its own delivery network that allowed for more control over logistics and customer experience. Swiggy rapidly scaled up its business, launching in more cities and then expanding to grocery deliveries among other on demand services.[2]
Swiggy
editThough food delivery was Swiggy’s primary goal in the beginning, it diversified into other verticals like grocery delivery and Swiggy Genie that provides several on-demand services. The firm experienced brisk expansion covering over 500 cities across India as at 2023. Swiggy also raised significant funds from venture capitalists, and it ranks as one of the most highly valued startups in the food-tech domain of India.[3]
Under Majety’s guidance, the company evolved Swiggy into one of the strongly positioned providers in the Indian digital economy, through a focus on customer centricity, delivery model, and ability to scale. Her success has led to the expansion of the Indian food delivery market, which has also undergone changes in customer demand and competitive landscape in the recent past.[4]
Idea behind Swiggy
editSwiggy was conceived while Majety was at IIM Calcutta working on a project in the food delivery space. Although this was part of an academic exercise, it had not been pursued previously. Many years later, and after some other ventures, Majety and his co-founders took a second look at this concept and pinpointing the several reasons that had prevented the success of food delivery services in India saw an opportunity to build an enterprise that uses technology in a manner where it acts as a force multiplier for logistics and service quality. This thought process turned into Swiggy, a simple food delivery company that eventually evolved into many other services.[5].[6]
Recognition and Impact
editSriharsha Majety has been mentioned across several business publications and lists that cover game-changing entrepreneurs and leaders in India’s startup ecosystem. His leadership at Swiggy is known for placing cost-effective operations, an excellent consumer experience and technology led innovation at the core.[7]
Philantropy and Other Interests
editMajety maintains a relatively low-key personal life and has kept details about his personal affairs to himself. He is, however, said to be active on philanthropic fronts concerning hunger and community assistance. Although he is very successful in his field, it is observed that he tries to keep a low profile publicly and kept the attention towards his career.[8][9]
See Also
editReferences
edit- ^ Singh, Nandini (13 November 2024). "Swiggy's Sriharsha Majety recounts journey in rare appearance at IPO debut". Business Standard.
- ^ Sen, Anirban (2 August 2018). "How Swiggy became India's fastest unicorn". mint.
- ^ "Exploring the Untold Stories of Swiggy's First 500 Days with | SeedToScale". www.seedtoscale.com.
- ^ "Swiggy: India's most popular online food ordering and delivery service". Business Outreach. 4 December 2021.
- ^ Sharma, Muskaan (20 November 2024). "Swiggy CEO reveals he came up with idea of company for a college project, then forgot about it". Hindustan Times. Retrieved 16 November 2024.
- ^ "Swiggy CEO says he came up with idea of company for college project, forgot about it later". Moneycontrol. 15 November 2024.
- ^ "Shy Swiggy CEO Sriharsha Majety makes a rare appearance on IPO listing, says the app was actually a forgotten college idea". The Economic Times. 13 November 2024.
- ^ Kaur, Jaspreet (20 January 2023). "Top 30 Angel Investors In The Indian Startup Ecosystem In 2022". Inc42 Media.
- ^ "Meet Swiggy co-founder and CEO Sriharsha Majety – He has a net worth of Rs 1400 crore; know about his career, education, and monthly salary". Financial Express. October 8, 2024.