Swiggy Raises US$100M Funding Round

Swiggy, a Bangalore, India-based online food ordering and delivery platform, raised a $100m Series F funding.

The round was led by Naspers Ventures.

The company intends to use the funds to expand across India and invest in technology, new service offerings, logistics and restaurant services.

Swiggy has been at the forefront of the Indian market for online food ordering and delivery since it was founded in 2014, and continues to grow at a rapid pace. With over 25,000 restaurants now on its platform across 11 cities, Swiggy has seen revenue and orders grow significantly over the last twelve months while setting the industry benchmark for delivery time of under 35 minutes.

Led by Sriharsha Majety, CEO, Swiggy provides a food ordering and delivery platform which leverages innovative technology, large delivery service, and customer focus to enable a host of benefits including fast deliveries, live order tracking, no restrictions on minimum order amounts, and customer support. More than 25,000 restaurant partners across eleven cities use Swiggy to reach new customers and increase their sales.



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