Swiggy, an Indian online food delivery service provider, raised another $210m in Series G funding.
The round, expected to close upon satisfaction of customary closing conditions, was led by Naspers and Hong DST Global, with participation from existing investor Meituan-Dianping and new investor Coatue Management.
The company, which has raised $465m in total funding to date, intends to use the funds to ramp up its supply chain network and expand to new markets, while investing in core capabilities that enhance consumer experience and the brand. It will also double its technology headcount.
Founded in 2014 and led by Sriharsha Majety, CEO, Swiggy provides an Indian food ordering and delivery service with over 35,000 restaurants on its platform and a delivery fleet of more than 40,000 partners.
Using innovative technology, the platform features fast delivery, no minimum order value, live order tracking and 24/7 customer support.