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Naspers, DST Global lead $210 mn Swiggy funding

Naspers, DST Global lead $210 mn Swiggy funding

New Delhi: Food delivery platform Swiggy on Thursday said it has raised $210 million (over Rs 1,430 crore) in fresh round of funding led by Naspers and DST Global.

The Series G funding will also see participation from existing shareholder, Meituan-Dianping and new investor, Coatue Management, the company said in a statement.

The latest investment follows a $100 million Series F round in February, also led by Naspers with participation from existing shareholder, Meituan-Dianping, it added.

"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.

It would also double its technology headcount to build for robust operations, deep personalisation and connected supply chain systems.

"With this investment, we will continue to widen Swiggy's offerings, along with bolstering our capabilities and plugging the gaps in the on-demand delivery ecosystem," Swiggy CEO Sriharsha Majety said.

PTI

PTI

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