Avendus advises Swiggy on its fundraise of USD 210 mn led by Naspers and DST Global.
Swiggy, India’s largest online food ordering and delivery platform, has executed definitive documents to raise USD 210 million in Series G funding led by existing investor Naspers and new investor DST Global. The transaction will also see participation from Meituan-Dianping and new investor, Coatue Management. The Series G investment round is expected to close upon satisfaction of customary closing conditions. The latest investment follows a USD 100 million Series F round from February of this year, also led by Naspers with participation from Meituan-Dianping.
Avendus was the financial advisor to Swiggy on the transaction.
About Swiggy
As the best-funded Indian food delivery platform, Swiggy’s position is driven by its world- class consumer experience and technology platform, leading to industry-best repeat orders and a three-fold increase in revenues in the last financial year. The rapid growth enabled by Swiggy’s reliable, fast and convenient deliveries from over 35,000 restaurants, and a delivery fleet of more than 40,000 partners, has not only distinguished the company in the Indian food delivery space but has also helped to elevate the potential of the category in the country. The latest round will enable Swiggy to quickly ramp up its supply chain network and expand to new markets, while investing in core capabilities that enhance consumer experience and the brand.
Equity Capital Markets
USD 197 mn
Digital, Technology & Consumer
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