Swiggy

Valuation $11B

About Swiggy

Swiggy is a food delivery platform that offers food service solutions for restaurants.
Headquarters Swiggy, Bangalore
Founded 2014-08-01
Industry Apps, Delivery Service, Food and Beverage, Food Delivery
Last Funding Type Secondary Market
Valuation 11
Total Funding $3.79 billion dollars
IPO Status Public

Financial

Swiggy's valuation was boosted to $12.16 billion by Baron, surpassing its prior private market value. The company appointed a new chief growth and marketing officer and hired executives from Flipkart and Amazon for its next phase of growth. Swiggy also reported that online delivery is expected to make up 20% of the food services market by FY31. However, Swiggy may lay off close to 400 employees, and it faces competition from Zomato, which is reportedly growing faster.

Funding Rounds 19
Number of Lead Investors 15
Total Funding Amount  $3.79 billion dollars
Number of Investors 46

Related Angels

Yuri Milner
View profile