Avendus Advises Swiggy on Its USD 1 bn Fund Raise Led by Naspers

Swiggy has been at the forefront of elevating the potential of Indian food delivery with its industry-changing innovations and focus on delivering the best consumer experience to millions of Indians,

As we add more firepower to our vision of elevating quality of life for urban consumers by
offering unparalleled convenience, we’re pleased that visionary global investors share our purpose and have made such a significant investment in our future.

We first partnered with Swiggy in April 2017 because we recognized the Swiggy team had built a sustainable, long-term business, that stood out amongst others in India. Now, nearly two years later, we have even more confidence Swiggy has the winning formula and will continue to build a leading business in the country. Swiggy has 10x the number of orders per month since our first investment, has expanded throughout India to tier 1, 2 and 3 cities, and most importantly, is the most loved food delivery brand in India, providing the best service to consumers nationwide,

Food and Ventures, Naspers. “Our latest round of capital will help to accelerate Swiggy’s journey towards its vision of providing unmatched convenience in food ordering and delivery for Indian consumers.

Swiggy has been a trailblazer in setting a benchmark for its focus on consumer delight on the back of continuous innovation. Harsha and the Swiggy team are re-defining the food services market in India. This financing round is testimony to the value that they are creating for the eco-system and its stakeholders.