Business Standard

Swiggy raises $700 mn in new funding round led by Invesco

The funding round saw participation from new investors such as Baron Capital Group, Kotak, among others.

Quick commerce
Premium

BS Web Team New Delhi
Food delivery platform Swiggy on Monday announced that it raised $700 million in a new funding round led by Invesco.

Baron Capital Group, Sumeru Venture, IIFL and Kotak were among the new investors who participated in the latest funding round. 

Swiggy said existing investors like Alpha Wave Global, Qatar Investment Authority, Ark Impact, Prosus also participated in the round.

Economic Times reported that with the latest funding, the valuation of Swiggy stands at $10.7 billion.

Backed by the likes of SoftBank Group Corp., Swiggy is among a slew of Indian startups disrupting traditional industries as more consumers venture online.

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jan 24 2022 | 2:12 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com