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Indian Food Delivery Giant Swiggy Raises $700 Million At $10.7 Billion Valuation

PRIVATEJan 24, 2022•over 4 years ago

Amount Raised

$700 Million

Bengaluru

Description

Swiggy, India’s top food delivery startup, has raised $700 million in a new financing round, just six months after securing $1.25 billion, as it aggressively expands its offerings including the instant-delivery service in the South Asian market.

Company Information

Company

Swiggy

Location

Bengaluru, Karnataka, India

About

That was the plan and that will be the plan," Majety told ET on Tuesday adding that the company doesn’t have a concrete timeline to go public, for now. We are committed to them and Swiggy Direct is a pilot in one such direction,” Majety said adding that the company had not received a formal notice from CCI on the NRAI complaint. Swiggy said it has raised $1.25 billion from SoftBank Vision Fund II as well as existing investors Prosus ( formerly Naspers), Accel and Wellington Management, in what is the largest funding round for the online food delivery platform since its launch in 2014. The company is now valued at $5.5 billion post the fund raise, said people aware of the details.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals — including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications — based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 200,000+ companies. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.

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