Swiggy, India’s top food delivery startup, has raised $700 million in a new financing round, just six months after securing $1.25 billion, as it aggressively expands its offerings including the instant-delivery service in the South Asian market.

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.

Indian Food Delivery Giant Swiggy Raises $700 Million At $10.7 Billion Valuation

Indian Food Delivery Giant Swiggy Raises $700 Million At $10.7 Billion Valuation

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