Swiggy Raises $800 Million in New Funding Round

Bengaluru: Food delivery platform Swiggy has raised around $800 million (about Rs 5,863 crore) in the new funding round.

Falcon Edge Capital, Goldman Sachs, Think Capital, Amansa Capital, and Carmignac have joined as new investors, media reports said citing an email to employees by Sriharsha Majety, co-founder and chief executive of Swiggy.

Existing investors Prosus Ventures and Accel also participated in this round.

The latest fundraising was done at a valuation of close to $5 billion.

Majety said in the email that fundraising gives the startup a lot more firepower than the planned investments for its current business lines.

“Given our unfettered ambition though, we will continue to seed/experiment new offerings for the future that may be ready for investment later,” he added.