Nandan Reddy, co-founder of Swiggy, who helped build the company's logistics-led food delivery and convenience platform.
Nandan Reddy co-founded Swiggy and helped build its logistics-led business. Explore his journey, ventures, role at Swiggy and 2026 departure.
Written by TFN Research Desk | covering startups, technology, venture capital, and business strategy.
Table of Contents
- Who is Nandan Reddy?
- Early Life and Education
- Career Before Swiggy
- How Swiggy Started
- Funding History
- Revenue Growth and Recent Developments
- Public Recognition
- Swiggy vs Competitors
- Investor Perspective
- Founder Timeline
- Key Takeaways
- FAQs
- Sources
Who is Nandan Reddy?
Nandan Reddy is the co-founder of Swiggy, which he launched in 2014 with Sriharsha Majety and Rahul Jaimini. Before Swiggy, Reddy and Majety co-founded Bundl, a logistics aggregator that eventually became the foundation for Swiggy’s logistics-led model. Reddy later served as Swiggy’s Whole-time Director and Head of Innovation before stepping down from the company’s board and moving on in 2026 to pursue independent ventures.
Early Life and Education
Reddy is an alumnus of BITS Pilani, where he studied Physics. His technical education was followed by consulting and entrepreneurial ventures across different industries.
His early career gave him exposure to business strategy, but his entrepreneurial interests soon moved toward building technology-enabled businesses. That experience eventually brought him together with Majety to explore logistics and online commerce.
Career Before Swiggy
Before Swiggy, Reddy was involved in several ventures. He and Majety founded Bundl, a logistics aggregation platform designed to help online businesses manage deliveries.
Reddy also explored businesses outside technology. His ventures included Zurna, a restaurant in Hyderabad, and Galla, a cloud-based point-of-sale system for restaurants. These experiences gave him exposure to logistics, restaurants and merchant technology, three areas that later became important to Swiggy.
How Swiggy Started
Swiggy was founded in 2014 by Reddy, Sriharsha Majety and Rahul Jaimini. The company emerged from the founders’ earlier experience with Bundl and focused on solving a fundamental problem in food delivery, reliable logistics.
Rather than simply acting as a restaurant-discovery platform, Swiggy built its own delivery network. This gave the company greater control over delivery times, customer experience and order fulfilment.
Over time, the business expanded beyond food delivery. Swiggy launched Instamart for quick commerce and added services such as Dineout, turning the company into a broader consumer convenience platform.
Funding History
| Round | Year | Amount | Lead Investor(s) |
| Series A | 2015 | $2 million | Accel, SAIF Partners |
| Series B | 2015 | $16.5 million | Accel, SAIF Partners, Norwest |
| Series C | 2016 | $35 million | Accel, SAIF Partners, Norwest |
| Series E | 2017 | $80 million | Prosus, Accel, Bessemer |
| Series H | 2018 | $1 billion | Prosus, Tencent, DST Global |
| Series J | 2021 | $1.25 billion | SoftBank, Prosus and others |
| Series K | 2022 | $700 million | Invesco and other investors |
Swiggy raised billions of dollars during its private-company years, giving it the capital required to build a large delivery network and enter new categories.
Revenue Growth and Recent Developments
| Fiscal Year | Revenue | Net Loss |
| FY25 | Not publicly disclosed | Not publicly disclosed |
| FY26 | ₹6,383 crore | Not publicly disclosed |
Swiggy’s business has continued expanding across food delivery, quick commerce and other consumer services. Its food-delivery business has moved toward stronger operating economics, while Instamart remains a major area of investment.
A much bigger change for Reddy personally came in 2026. Swiggy announced that he would step down from its board and move on from the company to pursue independent ventures, marking the end of his formal association with the business he helped build.
Public Recognition
Reddy’s public profile has largely been tied to Swiggy and its evolution from a food-delivery startup into a broader convenience platform. His role has been particularly associated with innovation and new business initiatives within the company.
Swiggy vs Competitors
| Company | Founded | Positioning |
| Swiggy | 2014 | Food delivery, quick commerce and convenience |
| Zomato | 2008 | Food delivery, dining and quick commerce |
| Zepto | 2021 | Quick commerce |
| Blinkit | 2013 | Quick commerce |
Swiggy competes with Zomato in food delivery while facing Blinkit and Zepto in quick commerce. Its broader ecosystem gives it multiple consumer touchpoints, although each category has different economics and competitive pressures.
Investor Perspective
Reddy’s contribution to Swiggy is closely connected to the company’s early logistics thinking. His experience with Bundl helped establish the operational foundation from which Swiggy was built.
His varied entrepreneurial background also gave him exposure to restaurants, merchant technology and logistics before Swiggy scaled. That combination was useful in building a business where technology alone could not solve the delivery problem.
His departure in 2026 is significant because Swiggy is now a much larger organisation than the startup he helped establish. The company has moved into public markets and multiple businesses, while Reddy is now taking his experience into independent ventures.
Founder Timeline
- BITS Pilani: Studies Physics.
- Early career: Works in consulting and explores entrepreneurial ventures.
- Pre-2014: Co-founds Bundl with Sriharsha Majety.
- Pre-2014: Works on ventures including Zurna and Galla.
- 2014: Co-founds Swiggy with Sriharsha Majety and Rahul Jaimini.
- Later years: Serves as Whole-time Director and Head of Innovation at Swiggy.
- 2024: Swiggy becomes a publicly listed company.
- April 2026: Steps down from Swiggy’s board and moves on to pursue independent ventures.
Key Takeaways
- Nandan Reddy co-founded Swiggy with Sriharsha Majety and Rahul Jaimini.
- His earlier logistics venture, Bundl, helped shape Swiggy’s founding story.
- His experience also includes restaurants and restaurant technology.
- He served as Whole-time Director and Head of Innovation at Swiggy.
- In 2026, he left Swiggy to pursue independent ventures.
FAQs
Who founded Swiggy?
Swiggy was founded by Nandan Reddy, Sriharsha Majety and Rahul Jaimini in 2014.
What is Nandan Reddy’s current role at Swiggy?
He no longer holds an executive or board role at Swiggy. He stepped down from the board in 2026 to pursue independent ventures.
Where did Nandan Reddy study?
He studied Physics at BITS Pilani.
What did Nandan Reddy do before Swiggy?
He co-founded Bundl and was involved in ventures including Zurna and Galla.
What was Bundl?
Bundl was a logistics aggregator founded by Reddy and Majety before they started Swiggy.
What role did Reddy hold at Swiggy?
He served as Whole-time Director and Head of Innovation.
Why did Nandan Reddy leave Swiggy?
Swiggy announced in 2026 that he would move on from the company to pursue independent ventures.
When was Swiggy founded?
Swiggy was founded in 2014.
What is Nandan Reddy’s net worth?
His current personal net worth is not reliably publicly disclosed.
Sources
Company and Leadership Information
https://www.swiggy.com/corporate/
Investor Relations
https://www.swiggy.com/corporate/investor-relations/
Nandan Reddy and Leadership Updates
https://www.swiggy.com/corporate/newsroom/
BITS Pilani, Alumni Information
https://www.bits-pilani.ac.in/
Economic Times, Swiggy Coverage
https://economictimes.indiatimes.com/
Business Standard, Swiggy Funding and Company History
https://www.business-standard.com/
© The Founder Nation | All rights reserved | Written by TFN Research
