Fundz

Swiggy To Invest $700 Million In Express-Delivery Service Instamart

PRIVATEDec 02, 2021

Amount Raised

$700 Million

Round Type

Funding Round

IndiaCommerce and ShoppingFinancial Services

Description

Swiggy, India’s top food-delivery startup, will invest $700 million in its express grocery delivery service Instamart, significantly intensifying the competition for quick commerce in the world’s second largest market.

Quick answer

Instamart raised $700 Million in a Funding Round round, dated December 2, 2021. Instamart is based in India.

How much did Instamart raise?
Instamart raised $700 Million in a Funding Round round on December 2, 2021.
What does Instamart do?
grocery delivery, grocery pickup, compare prices
Where is Instamart based and how big is it?
Instamart is based in India.

Source: Fundz verified event record.

Who else raised in Commerce and Shopping and Financial Services around the same time

Companies in the same sectors as Instamart that raised within 45 days of this round, from Fundz verified event records.

  • PowerPay raised an undisclosed amount (Funding Round) on January 11, 2022.
  • PrimaryBid raised an undisclosed amount (Funding Round) on January 10, 2022.
  • Anchorage Digital raised $350M (Series D) on December 15, 2021.
  • Anchorage Digital raised $350M (Funding Round) on December 15, 2021.
  • Beeline Holdings raised an undisclosed amount (Series A) on December 9, 2021.
  • Paerpay raised $4.2M (Seed) on December 9, 2021.

Who to call at Instamart, and when

A new round usually means Instamart is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day Instamart raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at Instamart, from your own LinkedIn network

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Company Information

Company

Instamart

Location

India

About

grocery delivery, grocery pickup, compare prices

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