• About Us
  • Submit Your Story or Interview
  • Advertise with US
  • Career
  • Contact Us
  • Write For us
startup insider
  • Home
  • CEO Story
  • Startup Stories
  • Interviews
  • Magazine
  • Funding News
  • Press Release
  • Submit Your Story or Interview
No Result
View All Result
  • Home
  • CEO Story
  • Startup Stories
  • Interviews
  • Magazine
  • Funding News
  • Press Release
  • Submit Your Story or Interview
No Result
View All Result
startup insider
No Result
View All Result
Home News & Updates

Swiggy’s Net Valuation Reaching To $5 Billion With $800 Million in Funding

SI Teams by SI Teams
in News & Updates
1
Swiggy
Share on FacebookShare on Twitter

An $800 million funding round will be closed in favor of Swiggy, a food delivery platform in India. Amansa Capital, Falcon Edge Capital, Carmignac, Think Investments, and Goldman Sachs are some of the new investors that will be joining this venture. The company’s current valuation is $3.6 billion, but the new valuation will be close to $5 billion from this new funding.

Investors present Prosus and Accel will also participate in the Series J round, said one of Swiggy’s founders and Chief Executive Officer (CEO) Sriharsha Majety in a letter to staff. This heavily registered the fundraiser because investors felt it was Swiggy, Majety said in the letter.

Swiggy

After the lockdown, the food cravings of people have increased by a lot. “Since people can’t eat out due to several restrictions like limited entries in a restaurant and checkings, people prefer eating food at home. That is where these food delivery app’s demands have risen on a considerable scale. Besides, some of our new bets like Instamart show an amazing promise while also taking steps to set up some of our release slots very quickly.” says Majety.

Read More: M&M Group CEO Plans to Revive Company’s Growth by $19 Bn

Swiggy Instamart allows customers to order essentials and meals throughout the day in less than 30-45 minutes. One of its services, Genie, will enable consumers to buy anything at any store and deliver the same, or provide photography equipment and drop off or go anywhere within the city. “This fundraiser gives us far more firepower than the planned investment of our current business plan. However, we will continue to sow/try new offerings in the future that may be worth investing in over time because of our unwavering desire. We need to come up with and do more in the next few years to build a permanent company in India, “Majety said.

Tags: indian startupstartup indiastartup storyswiggy
ShareTweetShare
Previous Post

M&M Group CEO Plans to Revive Company’s Growth by $19 Bn

Next Post

SVYM Founder Appointed As The Member of Capacity Building Commission

SI Teams

SI Teams

Related Posts

Chumbak
News & Updates

Chumbak Raised funding through Klub

01/10/2022
Aarav Solutions
Funding News

AI Startup Froot has been Acquired by Aarav Solutions

01/10/2022
Preimage
News & Updates

Preimage raises money from Pi Ventures

30/09/2022
Startups-List
News & Updates

CRED Tops the List of Startups List of 2022 in India

30/09/2022
Startup Fundraising
Funding News

Why Is Startup Fundraising Now Linked With Revenue?

30/09/2022
PhysicsWallah
News & Updates

PhysicsWallah now provides test material for GATE

30/09/2022
Next Post
syym

SVYM Founder Appointed As The Member of Capacity Building Commission

Sanjeev Kumar

CGO Sanjeev Kumar Promoted by Spice Money

Tim Cook

Apple CEO Tim Cook Appreciated Elon Musk in A Recent Interview

Subscribe For More Update

ADVERTISEMENT
  • Business Magazines in India

    Top 10 Business Magazines in India in 2022

    1 shares
    Share 0 Tweet 0
  • Swiggy Startup Success Story – In-Depth Analysis

    1 shares
    Share 0 Tweet 0
  • Despite Covid-19 challenges, Banksathi founders committed to their Craft

    1 shares
    Share 0 Tweet 0
  • The Succes Story Of Byjus: The Future Of Online Education

    1 shares
    Share 0 Tweet 0
  • Unique Hobbies Based Startup HOBBYHUB

    1 shares
    Share 0 Tweet 0
Healthcare

The Start-Up That’s Making Healthcare More Accessible To Corporate India

02/02/2023
Nithra

Mr.Gokulanathan Ponnusamy Founder and CEO of Nithra mobile app development company have provided employment for many youths in Tamil Nadu

21/01/2023
Content Marketing

5 Content Marketing KPIs That Every SaaS Business Owner Should Know

18/01/2023
startup insider

Startup Insider is a prominent news website which deals with startup news, stories, interview tips, gives the latest update about events and conferences. We aim to provide significant knowledge and information to the people who visit this website.

Mail : media@startupinsider.in

Phone : 91-9034408083

Categories

  • Auto
  • Blog
  • ceo Story
  • Crypto
  • Funding News
  • Interviews
  • News & Updates
  • Press Release
  • Profile
  • Startup Stories


img

Recent

  • The Start-Up That’s Making Healthcare More Accessible To Corporate India
  • Mr.Gokulanathan Ponnusamy Founder and CEO of Nithra mobile app development company have provided employment for many youths in Tamil Nadu
  • 5 Content Marketing KPIs That Every SaaS Business Owner Should Know
  • About Us
  • Contact Us
  • Submit Your Story or Interview
  • Advertise with Us
  • Career
  • Privacy
  • Terms of Use
  • Write For us

© 2020 Startup Insider

No Result
View All Result
  • Home
  • CEO Story
  • Startup Stories
  • Interviews
  • Magazine
  • Funding News
  • Press Release
  • Submit Your Story or Interview

© 2020 Startup Insider