[Funding] Swiggy Raises $800 Million in Series J Round; Valuation soars to $5 Billion
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New Delhi, April 6 -- Swiggy has announced a fundraise of $800 million in an email it sent to its employees. The investors of these rounds include Falcon Edge, Amansa Capital, Think Investments, Carmignac and Goldman Sachs. Existing investors including Prosus and Accel also participated in the round. This round of funding will leapfrog Swiggy's valuation to more than $4.9 billion, LiveMint reported. The startup valued at $3.6 billion in 2020.
The company hasn't closed the round yet since there might be additional interest from the Government of Singapore Investment Corporation fund (GIC) and the Qatar Investment Authority(QIA), suggested the report. Further, If GIC and QIA participate, the valuation may swell the overall investment in th...
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