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2018 ends with a bang for Swiggy; raises $1 B led by Naspers

6 13 2325
20.12.2018

With the latest fund raise, the valuation of Swiggy has touched $3.3 billion

Swiggy announced it has raised $1 billion in Series H funding led by Naspers and other existing investors. This is the single largest fund raise by a foodtech company in India.

The funding round also saw participation from Meituan Dianping, Coatue Management, DST Global, Tencent, Hillhouse Capital and Wellington Management company.

Earlier in June, Swiggy had raised $210 million led by Naspers and DST, which made the company a part of the Unicorn club. With the recent fund raise, the foodtech company will expand its 'Access' initiative, and hire talent, especially in the engineering and machine learning space.

A few months back,........

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