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Swiggy in advanced stage to mop up $450-500 mn from SoftBank Vision Fund


SoftBank in talks to invest up to $500 m in Swiggy
April 15, 2021
The investment will value the food delivery start-up at $5.5 billion
SoftBank Vision Fund is in the advanced stages of talks to invest $450 - $500 million in Swiggy, which will value the food delivery start-up at $5.5 billion. Last April, Swiggy was valued at $3.65 billion when it raised an additional $43 million in April 2020 as part of its ongoing Series I round, which mopped up a total of $156 million, taking its cumulative fundraise to $1.42 billion.
This new financing round could be part of its Series J fundraise in addition to $800 million that Swiggy has raised from new investors including Falcon Edge Capital, Goldman Sachs, Think Capital, Amansa Capital and existing investors Prosus Ventures and Accel Partners. ....

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India's Swiggy nears $5 billion valuation in new $800 million fundraise – TechCrunch


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. ....

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