Swiggy, an on-demand convenience platform, has launched a new initiative titled “She The Change: From Vision to Venture" today. The event was inaugurated by the Minister of Finance and Corporate Affairs, Government of India, Nirmala Sitharaman.
The launch event served as a platform for accomplished women entrepreneurs in F&B from across India, joined by distinguished figures from economics and academia, and Swiggy's leadership, including Sriharsha Majety, Group CEO, Swiggy, and Rohit Kapoor, CEO of Food Marketplace, Swiggy, read a company statement.
Swiggy has more than 50,000 women-run restaurants on its platform. It is estimated that these entrepreneurs are generating approximately three hundred thousand jobs, as each restaurant employs an average of six direct employees, as mentioned by the company in a release.
Speaking at the occasion, Sitharaman said, “From keeping women at the centre of policymaking to women-related budgets to discussing women in employment, we have come a long way. Today, I can see there is great vibrancy in women-led enterprises, where women are coming forth and taking up business challenges—whether small, medium, or big—you find women everywhere, and programmes such as Swiggy's “She the Change” are giving them the encouragement and a little push, and for other women to know this is possible. Swiggy deserves a special mention for encouraging women's entrepreneurship nationwide.”
Sriharsha Majety, Group CEO of Swiggy, said, “'She The Change' transcends being just an initiative; it stands as a platform dedicated to honouring and amplifying the remarkable stories of women entrepreneurs and leaders in the F&B industry. They have not only set new benchmarks for success but also played a pivotal role in shaping India's economic narrative."
The event concluded with the facilitation of women entrepreneurs from across the country, celebrating their remarkable contributions and inspiring journeys in creating a difference through their ventures.
Swiggy is also planning to go public by May this year, as per a report by Entrackr. The company aims to seek a valuation of $12–15 billion. The company’s revenue from operations was Rs 5,476 crore. This was during the first nine months of FY24, as per Entrackr. Similarly, its revenue for FY23 was Rs 8,265 crore.
