Indian Food Delivery Giant Swiggy Raises $700 Million At $10.7 Billion Valuation
01/24/22, 8:29 AM
Location
Money raised
$700 million
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.
Company Info
Location
bengaluru, karnataka, india
Additional Info
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.