Swiggy Raises $800 Million In Funding At $5 Billion Valuation

Apr 05, 2021•over 4 years ago

Amount Raised

$800 Million

Bengaluru

Description

Mumbai: Online food delivery platform Swiggy has raised $800 million from investors led by Falcon Edge, Amansa Capital, Think Investments, Carmignac and Goldman Sachs, the company’s co-founder said in an internal email to employees.

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.

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Swiggy Raises $800 Million In Funding At $5 Billion Valuation

Description

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Company Information