Swiggy raises $1.25 bn from SoftBank, Prosus

Tribune News Service

Updated At : 01:21 PM Jul 21, 2021 IST

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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

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