Swiggy is an online food delivery platform that works in India. Apart from online food delivery from your nearest restaurants it also provides on-demand grocery deliveries.
|Company Name||CEO||Fund Raise||Led By||Valuation|
|Swiggy||Sriharsha Majety||$700 to $800M||Qatar Investment Authority||5.5B|
Indian Swiggy 700m Series Invesco Swiggy
Swiggy, a Bengaluru-based startup, is reportedly in advanced negotiations to raise its funds 700M-800M in a round with Qatar Investment Authority as its lead investor. The other participants like Falcon Edge, the alternative assist manager, and the GIC company of Singapore also put their investments in this funding round.
Also, read Caresyntax 30m Series
As mentioned by reports, Swiggy’s main intention is to compete with Zomato’s upcoming Initial Public Offerings and it is also said that its future funding will lead the company to a valuation rate of up to 5.5B.