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Swiggy raises $43 million to expand new businesses

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NEW DELHI: Online food delivery platform Swiggy on Monday raised $43 million as part of its ongoing Series I round to develop and expand its new businesses.

Ark Impact, Korea Investment Partners, Samsung Ventures and Mirae Asset Capital Markets participated in the latest funding round, along with other existing investors.

The Series I round, which was initiated in February this year, had earlier raised $113 million, led by existing investor Prosus N.V.

along with participation from Meituan Dianping and Wellington Management Company. The latest investment takes Swiggy’s total round size to $156 million, valuing the company at over $3.6 billion. “Swiggy has built a sustainable food delivery business over the years while solving various

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