wordpress blog stats
Connect with us

Hi, what are you looking for?

Swiggy raises Series F funding of $100Mn from Naspers and Meituan-Dianping

Swiggy Food Delivery

Swiggy, the online food ordering and delivery platform, has raised Series F funding of US $100 million from its existing investor Naspers and a new investor Meituan-Dianping, China's service e-commerce platform. The food delivery company will use the fresh capital to strenghten its technology and introduce new products and services. Swiggy will also make investments in its New Supply business line. The company said it will expand its ready-to-move-in-kitchen service Swiggy Access, which was launched last November. Founded in August 2014, Swiggy is currently available in 10 cities—Delhi, NCR, Mumbai, Pune, Hyderabad, Kolkata, Bengaluru, Chennai, Ahmedabad, Jaipur and Chandigarh—with about 20,000 restaurant partners live on its platform. Swiggy surpassed 4 million orders for the month of July in last year. Swiggy previous fundings and aquisitions In December 2017, Swiggy acqui-hired the management team of Bengaluru-based gourmet Asian food startup 48East as part of which 48East founders Joseph Cherian and Nabhojit Ghosh joined the Swiggy team. Cherian took a role of COO of the company’s New Supply business line. In May last year, it raised $80 million in Series E funding led by global internet and entertainment group Naspers, along with participation from existing investors Accel India, SAIF Partners India, Bessemer Venture Partners, Harmony Partners and Norwest Venture Partners. In September 2016, Swiggy raised $15 million in a Series D funding led by Bessemer Venture Partners. In May 2016, it raised Rs 47 crore (a little over $7 million) from Norwest Venture Partners, DST Global and Accel Partners.  In January 2016, it raised Series C funding worth $35 million from new and existing investors…

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

Writes about e-commerce, social media, tech and Internet ecosystem.

Free Reads

News

Tata Restart website was using the trademark of Tata Sons and the image of Ratan Tata.

News

The hackers used the fake Facebook ads to target people based in European countries, specially male users, said the report

News

GPT-4 Turbo with Vision builds upon the foundation of the GPT-4 model, integrating the enhanced token outputs introduced in the Turbo model, and now...

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

Views

News

NPCI CEO Dilip Asbe recently said that what is not written in regulations is a no-go for fintech entities. But following this advice could...

News

Notably, Indus Appstore will allow app developers to use third-party billing systems for in-app billing without having to pay any commission to Indus, a...

News

The existing commission-based model, which companies like Uber and Ola have used for a long time and still stick to, has received criticism from...

News

Factors like Indus not charging developers any commission for in-app payments and antitrust orders issued by India's competition regulator against Google could contribute to...

News

Is open-sourcing of AI, and the use cases that come with it, a good starting point to discuss the responsibility and liability of AI?...

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