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Swiggy Raises $1.25 Bn Funding From Softbank, Others To Push Non-Food Delivery

Jul 20, 2021•almost 4 years ago
Bengaluru

Description

Mumbai | Bengaluru: Online food delivery platform Swiggy said it has raised $1.25 billion from Softbank Vision Fund II, and existing investors Prosus, Accel Partners and Wellington Management, in what is its largest funding round since its inception. Post the latest financing, Swiggy is now valued at $5.5 billion, as ET reported earlier.

Company Information

Company

Swiggy

Location

Bengaluru, Karnataka, India

About

That was the plan and that will be the plan," Majety told ET on Tuesday adding that the company doesn’t have a concrete timeline to go public, for now. We are committed to them and Swiggy Direct is a pilot in one such direction,” Majety said adding that the company had not received a formal notice from CCI on the NRAI complaint. Swiggy said it has raised $1.25 billion from SoftBank Vision Fund II as well as existing investors Prosus ( formerly Naspers), Accel and Wellington Management, in what is the largest funding round for the online food delivery platform since its launch in 2014. The company is now valued at $5.5 billion post the fund raise, said people aware of the details.