Overview
Swiggy, India’s leading food ordering and delivery platform, has raised USD 80 million in Series E funding. The deal was led by Naspers, a global internet and entertainment group, and one of the world’s largest technology investors. Existing investors Accel Partners, SAIF Partners, Norwest Venture Partners, Bessemer Venture Partners and Harmony Venture Partners also participated in the round.
Avendus Capital was the exclusive financial advisor for the transaction.
About Swiggy
Swiggy, the leading food ordering and delivery platform in the country, is Changing the Way India Eats by becoming the most reliable one-stop solution for consumers’ food needs. Swiggy’s innovative technology, large and nimble delivery service, and customer focus enable a host of benefits including lightning fast deliveries, live order tracking, no restrictions on minimum order amounts, and strong customer support. More than 12,000 restaurant partners across eight cities leverage Swiggy to reach new customers and increase their sales. For more information, visit www.swiggy.com or connect with us on Facebook, Twitter, and LinkedIn.
About Naspers
Founded in 1915, Naspers is a global internet and entertainment group and one of the largest technology investors in the world. Operating in more than 130 countries and markets with long-term growth potential, Naspers builds leading companies that empower people and enrich communities. It runs some of the world’s leading platforms in internet, video entertainment, and media. Every day, millions of people use the products and services of companies that Naspers has invested in, acquired or built, including Avito, Brainly, Codecademy, DeliveryHero, eMAG, Flipkart, ibibo, iFood, letgo, Media24, Movile, MultiChoice, OLX, PayU, Showmax, SimilarWeb, SinDelantal, Twiggle, and Udemy. Naspers is listed on the Johannesburg Stock Exchange (NPN.SJ) and has an ADR listing on the London Stock Exchange (LSE: NPSN). For more information, please visit www.naspers.com
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