After Zomato's Alibaba funding, Swiggy raises $100 mn from global investors

Swiggy says it will utilise the capital to introduce a host of new offerings and will invest in its supply chain

After being written off as a passing fad in 2016, the online food ordering business in India has proven itself resilient, with three of the largest players bagging big funding deals to help them grow and fight each other for supremacy in the foreseeable future. 

On Thursday, the Bengaluru-based Swiggy announced that it had bagged $100 million (Rs 6.43 billion) in fresh funding from lead investor Naspers and Chinese online-to-offline platform for urban services Meituan-Dianping. This is the second round of funding Swiggy has raised in eight months. 

While such funding rounds are typically in the pipeline for months, the announcement from