wordpress blog stats
Connect with us

Hi, what are you looking for?

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…

Please subscribe/login to read the full story.
Written By

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.

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

Studying the 'community' supporting the late Sushant Singh Rajput (SSR) shows how Twitter was gamed through organized engagement

News

Do we have an enabling system for the National Data Governance Framework Policy (NDGFP) aiming to create a repository of non-personal data?

News

A viewpoint on why the regulation of cryptocurrencies and crypto exchnages under 2019's E-Commerce Rules puts it in a 'grey area'

News

India's IT Rules mandate a GAC to address user 'grievances' , but is re-instatement of content removed by a platform a power it should...

News

There is a need for reconceptualizing personal, non-personal data and the concept of privacy itself for regulators to effectively protect data

You May Also Like

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ