Swiggy raises $1.25 bn from SoftBank, Prosus

Swiggy raises $1.25 bn from SoftBank, Prosus

New Delhi, July 20

Food ordering and delivery platform Swiggy on Tuesday announced closure of $1.25 billion (approximately Rs 9,345 crore) funding led by SoftBank Vision Fund 2 and Prosus. As per sources, the closure of this round pegs the valuation of the company at $5.5 billion (around Rs 41,125 crore).

It marks the first investment in the Indian food delivery category by SoftBank Vision Fund 2, with participation from the company’s long-term investor, Prosus, and other existing investors Accel Partners and Wellington Management, Swiggy said. Besides, new investors Qatar Investment Authority, Falcon Edge Capital, Amansa Capital, Goldman Sachs, Think Investments and Carmignac participated in the round, it stated. — PTI

Top Stories

Tokyo Olympics: Wrestler Ravi Dahiya settles for silver after losing final to world champion Uguev

Tokyo Olympics: Wrestler Ravi Dahiya settles for silver after losing final to world champion Uguev

Dahiya had lost to Uguev at the 2019 World Championship also

A real 'Chak De' moment for Indian hockey: Men's team wins Olympic medal after 41 years

A real 'Chak De' moment for Indian hockey: Men's team wins Olympic medal after 41 years

Simranjeet Singh (17th, 34th minutes) scored a brace, while ...

Punjab announces Rs 1 crore each for men’s hockey team players from state

Punjab announces Rs 1 crore each for men’s hockey team players from state

SGPC to award Rs 5 lakh to participants from Punjab, Rs 1 cr...

Govt buries retro taxes; brings Bill in Lok Sabha to withdraw tax demand on Cairn, Vodafone

Govt buries retro taxes; brings Bill in Lok Sabha to withdraw tax demand on Cairn, Vodafone

The bill provides for the withdrawal of tax demand made on “...

Cities

View All