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Swiggy raises $7M: report; Daily orders grow 3,400% over a year to 35k

Online food delivery platform Swiggy has raised Rs 47 crore (a little over $7 million) from Norwest Venture Partners, DST Global and Accel Partners, with a valuation of $130 million, reports the Economic Times, based on information it found in ROC filings. We’ve written to the company for a confirmation and will update this if we hear from Swiggy. 1 million orders completed across India Earlier this month, the company claimed to have made 1 million food deliveries in April. It also claims to have 6,300 restaurants listed across Bangalore, Mumbai, Delhi, Hyderabad, Delhi, Gurgaon, Pune, Kolkata and Chennai. Additionally, Swiggy says that it get an average of 35,000 orders daily, and is growing at 25% month on month. Its regular users order 4-6 times monthly from the platform. Interestingly, last April, the company said that it was delivering a 1,000 orders daily. The company seems to have registered a 3,400% increase in the number of orders it got over the year. Also read: TinyOwl & Roadrunnr to merge: report; Investor details Earlier this week, the company added a “surge fee”, a convenience charge of Rs 20 per delivery on food orders placed on holidays, festivals and rainy days, when the availability of delivery boys is low. Swiggy co-founder Sriharsha Majety denied that Swiggy’s delivery personnel had fixed working hours, but did not divulge any other information: @adadithya untrue — Sriharsha Majety (@shearsha) May 9, 2016 Previous fundings: In January, Swiggy raised Series C funding worth $35 million from new and existing…

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I'm a MediaNama alumna from 2015-16 (remember TinyOwl?) now back to cover e-services like food and grocery delivery, app based transport and policies, platforms and media in India.

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