Swiggy gets $800 million at $5 billion valuation
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Swiggy gets $800 million at $5 billion valuation
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GURGAON/BENGALURU: Swiggy has raised $800 million from a set of new investors including Falcon Edge, Goldman Sachs, Amansa Capital, Think Investments, and Carmignac, according to an internal email sent by company co-founder and CEO Sriharsha Majety.
The online food delivery major is now valued at $5 billion, post this investment, according to a person aware of the matter.
In the note, reviewed by TOI, Majety said Swiggy’s existing investor Prosus Ventures (previously Naspers) and Accel Partners have also participated in the latest financing round, which was heavily oversubscribed .