You are here: Home » Companies » News
Business Standard

Food delivery app Swiggy raises $100 mn from Naspers, Meituan-Dianping

With this new funding, Swiggy said it will strengthen its market leadership position by introducing a host of unique and advanced products and services

Press Trust of India  |  New Delhi 

Swiggy
Photo: Wikipedia Commons

Online food delivery platform has raised $100 million (approx Rs 642 crore) in series F funding, led by global internet group and technology investor Naspers and China's e-commerce platform Meituan- Dianping. Meituan-Dianping is a new investor in With this new funding, said it will strengthen its market leadership position by introducing a host of unique and advanced products and services. As part of its long-term strategy of solving for existing supply gaps in the marketplace, will also make investments in its new supply business line," the company said. "With this funding, we will further invest in building differentiated offerings, plugging the white spaces in the ecosystem, and developing our technology while keeping superlative customer experience at the core," CEO Sriharsha Majety said. says its revenue has increased 500 per cent in the last financial year and its order volumes have nearly double since its previous funding in May 2017. In the last five rounds of funding, had raised $155.5 million.

The current round of funding is its largest round yet. Naspers has also invested into the parent company of Swiggy's rival foodpanda, Delivery Hero. Other investors in the company include Accel India, SAIF Partners India, Bessemer Venture Partners, Harmony Partners and Norwest Venture Partners.

First Published: Thu, February 08 2018. 11:49 IST
RECOMMENDED FOR YOU