Swiggy has become a household name for every person residing in the city due to the food delivery services provided by the online platform. On Thursday, the food delivery platform said that it has raised ₹1,430 crore in a funding round led by DST Global and Naspers.
The company in a statement said that along with the Series G funding, there will be contributions from their existing shareholder, Meituan-Dianping and a fresh investor, Coatue Management. In February, Swiggy had raised a $100 million in through the Series F funding which was led by Naspers along existing shareholder, Meituan-Dianping.
The latest round will enable Swiggy to quickly ramp up its supply chain network and expand to new markets, while investing in core capabilities that enhance consumer experience and the brand," the company said.
The investment is expected to double the company’s technology headcount for the purpose of stout operations, deep personalisation and supply chain systems. Naspers Ventures CEO Larry Illg said that the capital will enable Swiggy to expand itself in India and establish itself as the best funded-food delivery platform in the country.
In the span of four years, Swiggy has more than 35,000 restaurants companions and 40,000 delivery partners across 15 cities.
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