Swiggy raises $112 mn funding led by Naspers from existing investors

Swiggy's valuation is learnt to have remained largely the same level of around $3.3 billion

Bundl Technologies, the parent company of food delivery firm Swiggy has raised $112 million from existing investors including South African conglomerate Naspers. The other investors include - Hadley Harbour Master Investors and Inspired Elite Investments.

With the current investment, Naspers continues to remain the largest shareholder in Swiggy, with a holding of 40.56 per cent on a fully-diluted basis, according to the regulatory documents filed by Swiggy, which were sourced from business signals platform Paper.vc.

“This investment is part of Swiggy’s plan to raise up to $1 billion for its food delivery and cloud kitchens business. There have been reports