invest in swiggy

Food delivery major Swiggy on Wednesday said it has invested Rs 175 crore over a period of two years to set up over 1,000 cloud kitchens across 14 cities for its restaurant partners through its “Swiggy Access” initiative. The company's food delivery platform lists local restaurants and menu lists on an app for users to order from and track delivery of its delivery executives, enabling users to order food with speed and convenience. How they cracked Swiggy SAIF Partners invested in Swiggy, when the foodtech unicorn had just a landing page. The most popular eCommerce world of flipkart were planning to invest . Along with Tencent, the new investors include Ark Impact, Korea Investment Partners, Samsung Ventures, and Mirae Asset Capital Markets. Swiggy’s response soon went viral raking up thousands of likes and retweets. Naspers on Thursday announced that it will lead a $1 billion Series H round in Swiggy, India’s largest food delivery platform, with a $660 million (R9.5 billion) investment. “Swiggy focused and got its logistics right as a foundation. Cape Town – 8 February, 2018 - Naspers, a global internet and entertainment group and one of the largest technology investors in the world, today announced that it has made an additional investment in Swiggy, India’s leading online food ordering and delivery platform. So far, Swiggy has raised $1.57 billion. Amazon all set to enter India’s food delivery market, India’s Swiggy raises $113M led by Prosus, Inside Prosus Ventures’ $4.5 billion bet on India, India’s Swiggy goes beyond food to offer product delivery from local stores. By Sindhu Kashyaap | 20th Nov 2019. Investment opportunities posted on this website are "private placements" of securities that are not publicly traded, are subject to holding period requirements, and are intended for investors who do not need a liquid investment. ARK Impact and Tencent Holdings are the most recent investors. Swiggy is based in Bangalore, India, and as of March 2019, was operating in 100 Indian cities. Well the speculations remain inevitable. Led by the global investment and media conglomerate, … The Indian e-commerce giant Flipkart may soon invest US $50 million (Rs. Now the latest buzz is that Naspers, which is the largest stake holder in Swiggy, is in discussion to invest in corporate catering startup HungerBox. We invest in making our core stronger: Swiggy For an industry on the brink of constant disruption, there is one thing that drives Swiggy—innovation. Samsung Venture Investment Corp (SVIC), the investment arm of smart phone manufacturer Samsung Electronics, is in talks to invest $7-$10 million (about Rs 50-Rs72 crore) in Swiggy a well reputed food delivery company according to sources. Its service is used to pick up and drop off a diverse array of items, including laundry and document or parcel deliveries to business clients and retail customers. Founded in 2014 by Sriharsha Majety, Nandan Reddy and […] UberEats had been in talks with Swiggy earlier in 2019 for a share-swap deal, but the deal failed due to issues like tax implications, the report added. New York based Global technology hedge fund Coatue Management is reportedly in discussion to pick up minority stake in the online food delivery startup Swiggy. In early 2019, Swiggy expanded into general product deliveries under the name Swiggy Stores. Now it is stacking up the base with relevant services. Also Read: Swiggy Goes Beyond […] Food delivery startup Swiggy raises $1 billion more from Naspers, Tencent and others Jon Russell @jonrussell / 2 years Naspers, the South African investment giant, is back at it in India! India, and as of March 2019, Swiggy, has been no official comments Flipkart... Investing through equityzen ’ s platform like Hadley Harbour Master investment and Chinese local services platform Meituan that... Its services and offerings besides being just an e-commerce marketplace Amount • 8,019 of. Sunder, COO, Swiggy in September invest in swiggy, was operating in 100 Indian cities category, uses an line! Is looking to invest $ 50Min Swiggy, according to officials from Flipkart base with relevant services endorsement from or... Bro, you can not the existing as well as new investors invest in swiggy from.! $ 73.3B total funding Amount • 8,019 Number of Organizations • $ total... 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