Online food delivery platform Swiggy has raised $15 million in a Series D funding led by Bessemer Venture Partners. Existing investors including US-based Harmony Partners, and Singapore’s RB Investments also participated in the round. With this, the company’s total fund raise totals to $75.5 million. The freshly raised funds will be used by Swiggy’s to upgrade its technology base, to on-board newer restaurants to choose from and for bettering its delivery efficiency. Apart from this, the company has hired vice presidents across business functions including marketing, product, HR, design and Finance to meet future business expansion plans. Previous funding: In May, Swiggy had raised Rs 47 crore (a little over $7 million) from Norwest Venture Partners, DST Global and Accel Partners, according to an ET report. In January, Swiggy raised Series C funding worth $35 million from new and existing investors for using across user acquisition, adding restaurants, tech upgrades, hiring etc. In June last year, the company raised Series B funding worth $16.5 million. In April 2015, it raised $2.5 million from Accel Partners and SAIF Partners. 1 million orders completed across India Currently Swiggy’s food delivery services are present in 8 cities including Bangalore, Mumbai, Delhi, Hyderabad, Delhi, Gurgaon, Pune, Kolkata and Chennai and the company claims to have over 9000 restaurant partners live on its platform. By the month of April, it claimed to have made 1 million food deliveries and that it receives an average of 35,000 orders daily, and is growing at 25% month on month. This…
