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Swiggy raises $800 million from multiple new investors: Reports

Swiggy has raised $800 million in a funding round with Falcon Edge Capital, Amansa Capital, Think Investments, Carmignac, and Goldman Sachs joining as new investors. The news came in an internal memo sent by company founder Sriharsa Majety to employees, reported Mint. The fundraising will increase Swiggy's valuation to more than $4.9 billion from its previous ascribed valuation of $3.6 billion in 2020. Existing investors Accel and Prosus (previously Naspers) will also take part in the round. Sovereign wealth funds of Singapore's GIC Pvt. Ltd. and Qatar Investment Authority are also expected to join the ongoing round at a later stage. In the email, Majety said the fundraise was heavily oversubscribed given the "very positive investment sentiment towards Swiggy" and that it gives the company more firepower than the planner investment for its current businesses. The company had raised $157 million last…

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