Series F funding: Swiggy gets whopping $100 million

Swiggy, the leading online food ordering and delivery app, has raised its largest-ever funding of $100 million from existing investor Naspers and a new investor, Meituan-Dianping, a Chinese e-commerce platform. This F series round of funding for Swiggy comes just nine months after its E round of funding in May 2017 of $80 million. This latest round of funding takes the total cumulative funding received by the food delivery app company to $255 million. The other investors in Swiggy are Accel Partners, Norwest Venture Partners, Harmony Partners, Bessemer Venture Partners and SAIF Partners.

“Swiggy has continued strong growth through 2017 and now has a clear lead in the market,” said Larry Illg, CEO, Naspers Ventures. “The company’s performance is all the more impressive given the intense competition in India,” said Illg.

Also Read

Bling it on! Branded jewellery stores set to mushroom

Big jump in Ujjwala LPG numbers; 103.3 million in FY24

HDFC AMC posts Q4 profit jumps 43.8% YoY to Rs 540.84 crore, dividend declared

Zepto’s market share grows to 28% as it eats into Swiggy’s Instamart