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sriharsha-majety

Sriharsha Majety

CEO
Quit Job to Start
Doesn't Code
Founded:
Swiggy
Year of founding:
2014
Current age:
33
Net worth:
$180mn

1. Background

Education: MBA, Finance

College: Indian Institute of Management (IIM), Calcutta

Previous Career: Sriharsha Majety worked for a year at Nomura International as an analyst.

2. Origin Story

Background

Coming from a family of entrepreneurs, Sriharsha Majety had always been inspired to start his own company. Post graduating as an engineer from BITS-Pilani, Majety got his MBA from IIM-Calcutta. After a brief stint as an investment banker in London, Majety returned to India to pursue excitement again. Sriharsha Majety's love for travelling had taken him to backpacking voyages across Southeast Asia & Europe, and he credits his experience during that time to have shaped his entrepreneurial journey.


The Venture

Since he couldn't get hired in an early-stage startup like he wanted, Sriharsha Majety decided to build his own. Majety joined up with his college-mate Nandan Reddy, and they started discussing potential spaces where they could start-up. The booming Indian e-commerce industry stuck out to them, and they were sold on the potential of the logistics & shipping domain. Hence, they started Bundl - a courier service aggregator. “We thought that we will find that competitive advantage by being not just a pure software company or not just a pure offline company,” Majety says.


The Pivot

The lack of a tech Co-Founder and changing market dynamics meant that Bundl couldn't make it past a year. Not losing hope, Sriharsha Majety and his co-founder decided to pursue another venture and took inspiration from the huge success of Ola & Uber. These companies were using technology and the convenience of mobile phones to boost customer satisfaction. They saw the potential in hyper-local food delivery, and thus, the idea for Swiggy was born. Sriharsha Majety and Reddy realised they needed a tech co-founder, and hence brought in Rahul Janimini, an accomplished coder, to help build the platform. In August 2014 they opened operations out of a small office in Bangalore, and in 2015, raised $2 million in their first funding round.

3. Other interesting points

- Sriharsha Majety holds the decision to quit his job and backpack across Southeast Asia and Europe as his "most rewarding decision till date".

4. Quote

"Growth is about learning and evolving with the different variables and moving parts." - Sriharsha Majety

5. Company growth & sources (links)

Personal Story

How did they grow the company?

Sources

No-VC Reports - Build a startup in 6 months by reading 5-min reports | Product Hunt