Avendus Capital Advises Swiggy on Its USD 35 MN Fund Raise From SAIF Partners, Accel Partners, Norwest Venture Partners, Harmony Partners and RB Investments.

“We believe that our growth and success are a result of our customer-centric approach. Our enormous growth, high repeat customers is testimony to the fact that we strive to constantly outdo ourselves in terms of customer satisfaction. While our focus will continue to be growth
across all geographies, we will now concentrate on profitability and sustainability in established markets. The end goal is to revolutionize the way India eats. We are looking to surpass existing standards, set higher benchmarks and delivering over 1 mn orders a month in the near future. “
 

"We first invested in Swiggy in Jan 2015 when the team comprised of 3 co-founders and delivery executives, serving parts of Bangalore. Since then, in just 12 months, they have built a formidable team, become a pan-India player and gained clear market leadership. We believe that Swiggy is on track to become one of leading consumer internet companies in India and are really excited to partner them in this journey.”
 

“After analyzing the consumer landscape in India, it quickly became clear to us that Swiggy is the food delivery company that is best positioned to win given their focus, execution, and long-term vision,”
 

“Swiggy is creating a strong brand on the back of exceptional consumer experience that reflects in the strong user engagement and trust that the company enjoys. Led by high calibre founders and well built-out management team, it is one of those rare companies that has cracked habit commerce.”