Swiggy raises $2.5 million from Accel and SAIF Partners Bangalore-based food delivery app Swiggy has raised $2.5 million from VC firm Accel Partners and SAIF Partners, reports ET. The funds will go towards hiring and expansion of the company to cities like Mumbai, Delhi and Chennai by end of this year. Interestingly, Swiggy has its own delivery personnel who use an app, powered by an algorithm, on their smartphones to check for delivery routes. Swiggy says that this helps them provide users real time tracking of the order status. Because of its in-house fleet, they do not have a preset minimum order value. The company says that it accepts online payments for all the restaurants that they work with and their personnel carry out only one delivery at a time. As a commission, it takes a percent of the order generated from the restaurants and has tied up with over 300 restaurants, taking over 1,000 orders daily. Swiggy was founded by Sriharsha Majety, Rahul Jaimini and Nandan Reddy in August 2014. The company claims to have fulfilled over 30,000 orders. **** InstaLively raises funding worth $120,000 InstaLively, a mobile and desktop app which livestreams in HD from an Android phone to YouTube, has raised angel funding worth $120,000 from Rajan Anandan, Amit Ranjan, Rajesh Sawhney, Niraj Singh, German investor AECAL and MeraEvents, reports VCCircle. The company will be launching its Android app end of this week. The funds will go towards customer acquisition with a target on the global livestreaming…
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