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Swiggy raises series G funding of $210M from Naspers and DST Global

Swiggy
Credit: Nikhil Pahwa

Food ordering and delivery platform Swiggy has raised Series G funding of $210 million led by existing investor Naspers and new investor DST Global. The round will also see participation from existing shareholder, China’s service e-commerce platform Meituan-Dianping and new investor, Coatue Management. Swiggy has said it will use the fresh funds to ramp up its supply chain network, to expand to new markets, technology and branding, it said in a statement. It added that it will double its technology headcount for operations, personalization and connected supply chain systems. In last three months, Swiggy has expanded its operations in Kochi, Coimbatore, Nagpur and Lucknow. It recently launched a new service called Swiggy POP through which the company offers a curated menu of single-serve meals in the range of Rs 99- 200 from neighbourhood restaurants. Earlier, it launched Swiggy Scheduled, which allow users to pre-order their meals up to…

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