Read more about Swiggy is closing $800-mn fundraising round, CEO informs employees on Business Standard. Falcon Edge Capital, Think Investments, Goldman Sachs are among the new investors in the food delivery platform whose valuation is nearing $5 bn
Online food delivery platform Swiggy is close to raise $800 million (about Rs 5,862 crore) in funding, with investors Falcon Edge Capital, Amansa Capital, Think Investments, Carmignac and Goldman Sachs joining as new investors, that will take .
India’s Swiggy nears $5 billion valuation in new $800 million fundraise
Swiggy has raised about $800 million in a new financing round, the Indian food delivery startup told employees on Monday, as it looks to expand its business in the country quarters after the startup cut its workforce to navigate the pandemic.
In an email to employees, first reported by Times of India journalist Digbijay Mishra, Swiggy co-founder and chief executive Sriharsha Majety said the startup had raised about $800 million from new investors including Falcon Edge Capital, Goldman Sachs, Think Capital, Amansa Capital, and Carmignac, and existing investors Prosus Ventures and Accel.
Swiggy raises $800 million from fund managers, investors
Majety said Swiggy s business is the strongest it has ever been , adding that the company has a clear path to profitability.
BusinessToday.In | April 5, 2021 | Updated 19:56 IST
Amansa Capital, Think Capital and Carmignac also participated in the funding round which valued Swiggy at $5 billion.
Food delivery start-up Swiggy has raised $800 million from investors, including Goldman Sachs and global alternative asset manager Falcon Edge.
Singapore-based fund management company Amansa Capital, private investment firm Think Capital and French asset management firm Carmignac also participated in the funding round, which valued the company at $5 billion. Besides, existing investors like Prosus and Accel were also part of the funding round.
Swiggy raises Rs 5,862 cr funds, company s valuation soars to $5 billion
Food ordering and delivery platform Swiggy is closing USD 800 million (around Rs 5,862 crore) in funding with Falcon Edge Capital, Amansa Capital, Think Investments, Carmignac and Goldman Sach joining as new investors, according to an e-mail sent by the company s co-founder and CEO to its employees.
The deal pegs the valuation of the company close to USD 5 billion, sources in know of the matter said. It gives me great pleasure to inform you all that as a part of our recent efforts, we re closing around USD 800 million in financing. Some of the world s best financial investors like Falcon Edge Capital, Amansa Capital, Think Investments, Carmignac and Goldman Sachs, are joining us as new investors this time, Swiggy co-founder and CEO Sriharsha Majety said in the e-mail.