Swiggy owner: Prosus leads with about 23%, ahead of SoftBank and co-founder Sriharsha Majety
Swiggy is a listed company led by Prosus with about 23%, SoftBank with about 7% and co-founder Sriharsha Majety with about 4.5%. Foreign ownership fell to 49.76% in July 2026.
Swiggy is owned by public and institutional shareholders, led by Prosus (through Naspers) with about 23%, SoftBank’s Vision Fund II with about 7% and co-founder Sriharsha Majety with about 4.5%. Swiggy listed on the stock exchanges in November 2024, and foreign investors owned 49.76% as of 6 July 2026, down from nearly 60% in September 2025, according to Kotak Neo. 12
Who owns Swiggy? Top shareholders
| Shareholder | Stake | Note |
|---|---|---|
| Prosus (Naspers) | About 23.3% | Largest shareholder since 2017 |
| SoftBank (SVF II Songbird) | About 6.9% | Second largest |
| Sriharsha Majety | 4.5% | Co-founder, MD and group CEO |
| Accel | 2.77% (March 2026) | Down from 6% at IPO |
| Tencent | About 3% | Early investor |
| Qatar Holding | About 2.6% | Sovereign fund |
| ICICI Prudential Multi-asset Fund | 3.26% (March 2026) | Largest domestic fund |
| Kotak Midcap Fund | 2.87% (March 2026) | Domestic fund |
Prosus, Majety and the other percentages are from the Simply Wall St ownership page, and the March 2026 positions are from Marketsmojo. The figures change with each quarterly filing, so treat them as approximate. 34
Who founded Swiggy?
Sriharsha Majety, Nandan Reddy and Rahul Jaimini founded Swiggy. At the time of the IPO filing, Majety held 6.23%, Reddy 1.76% and Jaimini 1.14% on a fully diluted basis, and Jaimini left his operational role in 2020. Our Swiggy company page covers the history. 56
How much did Prosus sell at the IPO?
Prosus sold shares worth $500 million as part of the IPO and said it kept a 25% stake, implying more than three times its investment. Accel and Elevation Capital also sold part of their stakes. Accel’s holding has since fallen to 2.77%, below the 5% it needed to keep its right to nominate a director, and a proposal to delete that right was among the items shareholders voted on in 2026. 78
What happened to Swiggy’s foreign ownership?
Foreign ownership fell to 49.76% on 6 July 2026, below the halfway mark, as foreign investors sold. The figure matters because Swiggy has been trying to qualify as an Indian-owned and controlled company. A shareholder resolution that included related changes failed in May 2026 despite backing from Prosus, SoftBank and Accel, after domestic mutual funds opposed it, and the setback may delay Instamart’s next expansion phase. 29
Is Swiggy a private or public company?
Swiggy is a public company listed on the NSE and BSE since November 2024. No shareholder controls it, and the founders hold only a minority, so the board answers to a mix of strategic investors such as Prosus and domestic mutual funds. 310
What happens next
The company has said it engaged with shareholders after the vote and has not said when the resolution will return. Swiggy’s next shareholding pattern is due after the December 2026 quarter. For other consumer-internet owners, read who owns Flipkart and who owns IndiGo.
Frequently asked questions
Who is the owner of Swiggy?
Swiggy is owned by public shareholders. Prosus (Naspers) is the largest with about 23%, followed by SoftBank at about 7% and co-founder Sriharsha Majety at about 4.5%.
Who founded Swiggy?
Sriharsha Majety, Nandan Reddy and Rahul Jaimini founded Swiggy.
Is Swiggy listed on the stock exchange?
Yes. Swiggy listed on the NSE and BSE in November 2024.
How much of Swiggy is foreign-owned?
Foreign investors held 49.76% of Swiggy as of 6 July 2026.
