Swiggy Has Raised $113 Million (Rs. 809.68 Crore) In Series I Funding Round
Swiggy has raised $113 Million (Rs. 809.68 Crore) as part of its Series I funding round. The funding round saw participation from existing investors- Chinese local services platform Meituan Dianping and Wellington Management Company.
Swiggy’s CEO, Sriharsha Majety said,
“Over the last couple of years at Swiggy, we have made strong strides in our vision of delivering unparalleled convenience to urban consumers, and in building a fundamentally strong and enduring business while keeping the consumer at the core. We have become synonymous with the exceptional customer experience and created multiple growth avenues for our partners while continuing to invest in new lines of business.”
The amount will be used by Swiggy to further develop its new channels of business by working on some visible gaps in the market, and the company said they will keep on investing in new growth areas.
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