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Swiggy to close $800 mn funding round; valuation rises to $5 billion

Swiggy to close $800 mn funding round; valuation rises to $5 billion
The deal will leapfrog Swiggy s valuation to around $5 billion from its previous valuation of $3.6 billion in 2020
BusinessToday.In | April 6, 2021 | Updated 10:07 IST
The new capital will help Swiggy speed up growth in its existing businesses and also help it seed new ones
Food delivery app Swiggy is in the process of closing an $800 million funding round with investors comprising Goldman Sachs and Falcon Edge Capital, Co-founder and Chief Executive Officer Sriharsha Majety said in an emailed letter to employees.
The deal will leapfrog the food tech startup s valuation to around $5 billion from its previous valuation of $3.6 billion in 2020. ....

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Swiggy raises $800 million from fund managers, investors

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. ....

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