Swiggy's plan beyond food delivery
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Swiggy said yesterday it has raised $1.25 billion in a financing round spread across two tranches. We spoke to Sriharsha Majety, Swiggy’s cofounder & CEO as well as SoftBank’s Sumer Juneja on the company’s plan to use the money to fuel its ambition beyond food delivery. All of this as its rival Zomato makes a big splash in the public markets.
Also in this letter:
Swiggy raises $1.25 billion, matching Zomato’s IPO target