Indian food delivery giant Swiggy raises $700 million at $10.7 billion valuation
Companies, agencies, institutions, etc
Invesco
Swiggy
Zomato
Baron Capital Group
Sumeru Venture
IIFL
AMC Late Stake Tech Fund
Kotak, Axis Growth
Sixteenth Street Capital
Smile Group
Segantii Capital
Prosus Ventures
Alpha Wave Global
Qatar Investment Authority
ARK Impact
TechCrunch
Instamart
GMV
Y Combinator Continuity Fund
Zepto
SoftBank
Invesco Developing Markets Fund
Bernstein
FY25.
CAGR
MTU
Amazon
People
Grofers
Justin Leverenz
Instamart
Groups
South Asian
Indian
Majety
FY25
American
Physical locations
No matching tags
Places
No matching tags
Locations
India
Bengaluru
Ghisallo
Swiggy
Mumbai
BlinkIt
Events
Series
Summary
Swiggy was valued at $5.5 billion in July last year.At a $10.7 billion valuation, Swiggy has surpassed the valuation of its 13-year-old chief rival Zomato, which went public last year and whose market cap has shrunk to under $10 billion.New investors Baron Capital Group, Sumeru Venture, IIFL AMC Late Stake Tech Fund, Kotak, Axis Growth, Sixteenth Street Capital, Ghisallo, Smile Group, Segantii Capital as well as existing backers including Prosus Ventures, Alpha Wave Global, Qatar Investment Authority and ARK Impact also invested in the new round.TechCrunch reported in late September that Invesco was in talks to lead an investment of over $500 million in Swiggy.The new funding follows a strong year of growth for Swiggy in which the startup nearly doubled its food delivery business’ gross order value, it said.
As said here by Manish Singh