Print Edition - 2018-06-22  |  Money Digest

Swiggy raises additional $210 million funding

NEW DELHI

Jun 22, 2018-Indian online food delivery service provider Swiggy said on Thursday it raised another $210 million in its biggest ever funding, led by South African internet and entertainment group Naspers Ltd and Hong Kong-based internet investment group DST Global. Existing shareholder Meituan-Dianping, a China-based provider of on-demand online services, and new investor Coatue Management also participated in the Series G funding. Swiggy, which was founded in 2014 and has 35,000 restaurant partners and 40,000 delivery executives across 15 cities, would use the funds to ramp up its supply chain network. (REUTERS)

Published: 22-06-2018 08:54

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