Swiggy Raises $100 Million Funding Through Naspers & Meituan-Dianping


Swiggy has been taking the startup world by a storm and they show no sign of stopping!  Swiggy said it has raised $100 million in a Series F funding round led by Naspers, the global internet and entertainment group. New investor Meituan-Dianping, China’s largest group-buying and restaurant review service, is the new investor in this round.

Swiggy plans to use this funding to strengthen its market leadership position by introducing a host of unique and advanced products and services. They will also make investments in its new supply business line to solve existing supply gaps in the marketplace.

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“We want to continue to bring convenience, choice and reliability to our users as we fulfil our mission of ‘changing the way India eats’,” said Sriharsha Majety, CEO of Swiggy, in a statement.

“The company’s performance is all the more impressive given the intense competition we see in the food ordering and delivery business in India,” said Larry Illg, CEO, Naspers Ventures, in a statement.

Christina George

Compulsive junk food eater, football watcher, and book reader. Hate the unicorn trend, love laughing at my own jokes; also, sometimes I write about food.

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