Six months after raising $1.25 billion, the new fund has seen increased participation from institutional investors in India and globally
Food delivery platform Swiggy on Monday said it has raised $700 million (about Rs 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, Ghisalo, Smile Group and Seganti Capital, Swiggy said in a statement.
It said six months after raising $1.25 billion, the new fund saw increased participation from institutional investors in India and globally.
Swiggy’s existing investors Alpha Wave Global (formerly Falcon Edge Capital), Qatar Investment Authority and ARK Impact, as well as its long-term investor Prosus also participated in the round.
“The investment comes at a time when there is a rapid adoption of food and online grocery and consumer demand for a range of Swiggy services,” the company said.
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