Swiggy raises $700 million from Invesco, other investors
The Hindu
Six months after raising $1.25 billion, the new fundraise also sees increased participation of institutional investors both in India and globally
Food delivery platform Swiggy on Monday said it has raised $700 million (nearly ₹5,225 crore) in new funding led by investment firm Invesco.
Other new investors in the round include Baron Capital Group, Sumeru Venture, IIFL AMC Late Stage Tech Fund, Kotak, Axis Growth Avenues AIF- I, Sixteenth Street Capital, Ghisallo, Smile Group and Segantii Capital, Swiggy said in a statement.
Six months after raising $1.25 billion, the new fundraise also sees increased participation of institutional investors both in India and globally, it added.
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