Along with Tencent, the round saw participation from Ark Impact, Korea Investment Partners, Samsung Ventures, and Mirae Asset Capital Markets. Sriharsha Majety, Co-founder and CEO, Swiggy, has committed 50 percent of his annual salary towards this fund. Naspers, Meituan-Dianping invest $100 mn in Swiggy Special Correspondent BENGALURU, February 08, 2018 23:14 IST Updated: February 08, 2018 23:14 IST Special Correspondent Read Article Food tech platform Swiggy has recently raised $113 million, led by existing investor Naspers. Swiggy General Information Description. Swiggy is based in Bangalore, India, and as of March 2019, was operating in 100 Indian cities. Swiggy's most recent funding round was in May last year when Naspers invested $80 million during its Series E round. The companies have reportedly been in talks for over […] Blaze Pizza is the leader in the fast-casual artisan pizza category, uses an assembly line format to create pizzas at lightning fast speed. As indicated by a report of Mint. Hillhouse Capital, an investor in Baidu, Tencent, Grab Airbnb and others, has put in more than $165 million in India already. Swiggy is a food delivery company based in Bangalore.Today they become the India’s largest food delivery platform via app or website.Thousand of restaurant owners are joining their platforms everyday to boost sales.Swiggy has now covered 500+ cities in India. SoftBank is looking to invest around $200-250 million for a significant minority stake in the online food delivery startup Swiggy. ET had reported in March that Coatue Management was in talks to invest between $50 and $100 million in Swiggy. Track . Also Read: Swiggy Goes Beyond […] Here are some of the reasons why you should invest in Swiggy Clone. The company's food delivery platform lists local restaurants and menu lists on an app for users to order from and track delivery of its delivery executives, enabling users to order food with speed and convenience. Swiggy, RentoMojo, Niantic, Pivot3, Yellowbrick Data, Quanergy Systems, StoreDot, Kateeva, DigiLens, Centrify, Swiggy, Epic Games, Nubank, Miniso, Reddit, SoundHound Inc., Discord, hike, Kik, Practice Fusion, Swiggy, Fuze, HeartFlow, Harry's, ezCater, Omada Health, nCino, Away. 05 Jun'19 2 min read. Samsung Venture Investment Corp (SVIC), the investment arm of smart phone manufacturer Samsung Electronics, is in talks to invest $7-$10 million (about Rs 50-Rs72 crore) in Swiggy a well reputed food delivery company according to sources. People have been thinking and thinking about the fact that when would Flipkart want to invest or merge with some firm. Apart from that, the foodtech unicorn has announced that it has set up a relief fund called 'Swiggy Hunger Savior Covid Relief fund', which will be used towards ensuring the safety and welfare of its delivery partners and their families. Swiggy to lay off 1,100 employees as Covid-19 dries up restaurants’ revenues Swiggy’s decision comes close on the heels of its Gurugram-based rival Zomato asking over 500 of its employees to start looking for new jobs, as the restaurant industry stares at deep uncertainty in the aftermath of Covid19. By accessing this site and any pages thereof, you agree to be bound by our Terms of Use.EquityZen and logo are trademarks of EquityZen Inc. Other trademarks are property of their respective owners.© 2020 EquityZen Inc. All rights reserved. After establishing a stronghold in the Indian ecommerce and the cab aggregator space, Japanese conglomerate SoftBank is gearing to invest between $ 200 million to $ 250 million in foodtech startup, Swiggy. The total funds raised in this round is now at $156 million. Swiggy has made 2 investments. Swiggy said it will invest an additional Rs 75 crore to bring more partner cloud kitchens in 12 new cities by March 2020. Naspers, the largest shareholder in Swiggy with a 23.3% stake, may see its holding increase to about 40% by investing over half the corpus through a mix of primary and secondary share purchases, sources said. Food delivery major Swiggy on Wednesday said it has invested Rs 175 crore over a period of two years to set up over 1,000 cloud kitchens across 14 cities for its restaurant partners through its “Swiggy Access” initiative. They aren’t earning and are rather losing you can say. EquityZen is a marketplace for shares of proven pre IPO tech companies. Hong Kong-based SAIF Partners was the first company along with US-based Accel to invest $2 million in its first institutional funding round in 2015. In early 2019, Swiggy expanded into general product deliveries under the name Swiggy Stores. With over 1,000 kitchens in a year, Swiggy invests Rs 250 Cr to focus on cloud kitchens . New York based Global technology hedge fund Coatue Management is reportedly in discussion to pick up minority stake in the online food delivery startup Swiggy. Bengaluru-based foodtech unicorn Swiggy has raised $43 million funding as a part of its ongoing Series I investment round. Food delivery startup Swiggy raises $1 billion more from Naspers, Tencent and others Jon Russell @jonrussell / 2 years Naspers, the South African investment giant, is back at it in India! Swiggy is based in Bangalore, India, and as of March 2019, was operating in 100 Indian cities. With this funding, the valuation of the company continues to be $3.5 billion. Days after backing educational startup Byju’s by leading a $540 million investment, it has led a $1 billion investment … By Sindhu Kashyaap | 20th Nov 2019. SoftBank may invest $300 million-$500 million in Swiggy This will be part of a larger funding round where Swiggy is looking to raise $1 billion from investors. If sources are to be believed, Coatue Management along with Chinese e-commerce firm Meituan-Dianping and other investors are looking to invest $100 million in the Bengaluru based startup. The Swiggy Access initiative enables restaurant partners to expand to more locations both within their city and across new cities through cloud kitchens. Investment opportunities posted on this website are "private placements" of securities that are not publicly traded, are subject to holding period requirements, and are intended for investors who do not need a liquid investment. Flipkart is reflecting on more speculations and acquisitions in the new businesses space. EquityZen Securities LLC (“EquityZen Securities”) is a subsidiary of EquityZen Inc. EquityZen Securities is a broker/dealer registered with the Securities Exchange Commission and is a FINRA/SIPC member firm. The companies are now in a period of exclusivity though no agreement has been signed yet. A food delivery rider for Swiggy, operated by Bundl Technologies Pvt., sits on a motorcycle in Mumbai, India, on Monday, Feb. 3, 2020. (Photographer: Dhiraj Singh/Bloomberg) Food ordering platform Swiggy on Monday announced a secondary liquidity programme for its employees who were part of the employee stock ownership plan (ESOP) of the company. Swiggy invests Rs 31 crore in ready-to-cook food start-up Fingerlix February 26, 2019 4:04 AM Fingerlix had raised $7 million from Accel Partners and Zephyr Peacock in Series-B funding in 2017. Swiggy had raised two rounds of funding in FY19 — $210 million around June by DST Global and Naspers along with its international investment unit Prosus and $1 … SoftBank may invest $200-250 million in Swiggy Reports also indicate that Flipkart, Tencent and Alibaba are in talks with Swiggy for possible investments. “Swiggy focused and got its logistics right as a foundation. Features Of Swiggy: The features of Swiggy makes them one of the most successful apps in the industry. Swiggy was founded by Sriharsha Majety, Nandan Reddy, and Rahul Jaiminiin in 2014 and is headquartered in Bangalore, Karnataka, India. The Series I round was initiated in February this year, where the foodtech startup had raised $113 million led by Prosus NV (previously Naspers), along with Meituan Dianping and Wellington Management Company. Swiggy is currently going in losses due to its growth-first plan(just for knowledge). Investing in private companies may be considered highly speculative and involves a high degree of risk, including the risk of substantial loss of investment. TripAdvisor is a travel site that enables travelers to plan and book their trip. We invest in making our core stronger: Swiggy For an industry on the brink of constant disruption, there is one thing that drives Swiggy—innovation. Food delivery major Swiggy said on Wednesday that it will invest Rs 75 crore over two years to expand its network of cloud kitchens across the country. Premium Brands Holdings Corporation is a publicly traded corporation on the Toronto Stock Exchange. With this move, SoftBank joins Flipkart and China based Tencent, in their investment bid. “Swiggy expects to be EBITDA positive by early 2021 for food delivery, but will continue to invest in other business in the near term,” said the report. February 19, 2020: Swiggy, India’s largest food delivery platform, has raised $113 million as a part of its Series I funding round.The latest round is led by existing investor Prosus N.V. and includes participation from Meituan Dianping and Wellington Management Company. Naspers’ substantial investment in Swiggy, as well as its recent investment in BYJU’S leading a USD 540 million funding round, demonstrates the company’s commitment to India across multiple sectors. Developer of an online food delivery platform designed to bring food from neighborhood restaurants directly to users' doors. February 19, 2020: Swiggy, India’s largest food delivery platform, has raised $113 million as a part of its Series I funding round.The latest round is led by existing investor Prosus N.V. and includes participation from Meituan Dianping and Wellington Management Company. There’s been talk about Swiggy acquiring Ubereats for some time. Its service is used to pick up and drop off a diverse array of items, including laundry and document or parcel deliveries to business clients and retail customers. 2,930 Number of Organizations • $73.3B Total Funding Amount • 8,019 Number of Investors. Si Team. There were other existing investors like Hadley Harbour Master Investment and Chinese local services platform Meituan, that had also participated in the round. The company's platform lists local restaurants and menu lists on an app for users to order from and track delivery of its delivery executives, enabling users to order food with speed and convenience. Carlyle could invest up to $200 million in the unicorn at a valuation of $4.5 billion.Swiggy will use the funds to grow its delivery fleet, expand beyond food to other delivery services The company's food delivery platform lists local restaurants and menu lists on an app for users to order from and track delivery of its delivery executives, enabling users to order food with speed and convenience. The startup was valued at $400 million at the time. Swiggy is India's largest and highest-valued online food ordering and delivery platform founded in 2014. Swiggy was founded by Sriharsha Majety, Nandan Reddy, and Rahul Jaiminiin in 2014 and is headquartered in Bangalore, Karnataka, India. Amazon all set to enter India’s food delivery market, India’s Swiggy raises $113M led by Prosus, Inside Prosus Ventures’ $4.5 billion bet on India, India’s Swiggy goes beyond food to offer product delivery from local stores. “Swiggy has received interest from four to five investors and this will be its largest round of funding,” said one of the sources cited above. Meha Agarwal. Uber to invest Rs 1,415cr in Zomato-UberEats share-swap deal: Report. SAIF Partners has been an early investor in Paytm, MakeMyTrip, Swiggy, Firstcry, BookMyShow, Rivigo, Meesho, Sharechat, Urbanclap and multiple others. How they cracked Swiggy SAIF Partners invested in Swiggy, when the foodtech unicorn had just a landing page. Equity securities are offered through EquityZen Securities. Two years ago, it started Swiggy Access, an effort where Swiggy would take up real estate on lease, refurbish it into small shared kitchens and sub-let it to restaurant chains. Similar to … Swiggy’s response soon went viral raking up thousands of likes and retweets. SoftBank Likely To Invest Upto $500 Mn In Swiggy Soon. There have been several reports from investors and Swiggy employees that even though the company has recorded stunted growth in the past few months (2018-2019), the company graphs which are shown to the investors are completely opposite. According to a report by The Ken, Flipkart along with Chinese venture capital firm Tencent may invest $ 50 million each in the online food delivery platform. Swiggy designs an on-demand food delivery platform that brings food from neighborhood restaurants directly to users' doors. It finally has decided to invest $50Min Swiggy, the foodtech. Bengaluru-based foodtech unicorn Swiggy has raised an additional $43 million as a part of its earlier Series I funding round. Read More. So the news of Flipkart investing in Swiggy is not a surprise at all. Japanese conglomerate SoftBank is reportedly eyeing an investment of $300 Mn – $500 Mn in foodtech unicorn Swiggy. Their most recent investment was on Apr 7, … The company led a $100m Series F investment that follows an earlier $80m investment round led by Naspers. Swiggy is India's largest and highest-valued online food ordering and delivery platform founded in 2014. Food delivery startup Swiggy has just raised $1 billion in its series H funding from the existing as well as new investors. Lists Featuring This Company . Until now, there has been no official comments from Flipkart, Tencent and Swiggy. According to the report, SoftBank ended its interest in Swiggy after a consortium of investors led by the Japanese investment giant chose to buy a large number of shares of Uber Technologies. Swiggy is funded by 18 investors. EquityZen does not have an affiliation with, formal relationship with, or endorsement from Swiggy or any companies feature above. Food delivery is logistics, having little in common with food creation and curation. With over 1,000 kitchens in a year, Swiggy invests Rs 250 Cr to focus on cloud kitchens . Swiggy’s financials Revenue Bengaluru-based foodtech unicorn Swiggy has raised $43 million funding as a part of its ongoing Series I investment round. SoftBank Likely To Invest Upto $500 Mn In Swiggy Soon. In September 2019, Swiggy launched instant pickup and drop service Swiggy Go. Coatue plans to invest $100 million in Faasos while Indonesian ride-hailing and food-delivery company Go-Jek is likely to pump in $5 million. What Makes Swiggy So Vulnerable Yet An Exciting Bet Now? Right now, Swiggy holds the largest … See our Risk Factors for a more detailed explanation of the risks involved by investing through EquityZen’s platform. By Sindhu Kashyaap | 20th Nov 2019. Well the speculations remain inevitable. Investors are made to believe that the company is progressing with boosted speeds and the growth graph is in an upward incline. New Delhi: Chinese internet giant Tencent Holdings Ltd has held talks with several investors to raise $500-700 million for online food-delivery platform Swiggy, the biggest cheque in India’s food-technology sector, reported the Economic Times citing people aware of the development.The fresh investment, if finalised by December, could value Swiggy at $2.5-3 billion. The Indian food delivery startup Swiggy has raised $100 million in its latest round of funding. ... the the technology-focussed fund had invested about $100 million in food delivery startup Swiggy last year. “Swiggy expects to be EBITDA positive by early 2021 for food delivery, but will continue to invest in other business in the near term,” said the report. Samsung plans to invest in Swiggy. Swiggy announces ESOP liquidity programme Under the programme, employees will be able to sell their shares to investors in the company Bro, you cannot. The company has so far raised $1.5 Bn in funding since its inception in 2014. So far, Swiggy has raised $1.57 billion. Then, in November a report stated that Flipkart can invest $50 million. Cape Town – 8 February, 2018 - Naspers, a global internet and entertainment group and one of the largest technology investors in the world, today announced that it has made an additional investment in Swiggy, India’s leading online food ordering and delivery platform. With this investment, the company is valued at nearly $3.6 billion. As per regulatory filings, Ant Financial held 23% in Zomato as of November 2018. Flipkart, which has become India’s largest ecommerce startup, may reportedly invest in the Bengaluru based food delivery startup, Swiggy. Asia Startups Founded in 2014 . By Prerna Lidhoo , Oct 26, 2018. The biggest threat to chains like Pizza Hut may not be Dominos, but Swiggy. On the surface, it seems difficult. Recently, Flipkart raised about $4 billion. Cape Town – 8 February, 2018 - Naspers, a global internet and entertainment group and one of the largest technology investors in the world, today announced that it has made an additional investment in Swiggy, India’s leading online food ordering and delivery platform. Check the background of this firm on FINRA’s BrokerCheck. but Swiggy and Zomato both companies have denied it. EquityZen helps investors to access private companies and their employees to sell shares. EquityZen.com is a website operated by EquityZen Inc. ("EquityZen"). The corpus for the fund will be created by Swiggy with primary contributions from the founders, senior leaders, employees and investors, as well as donations from customers and well-wishers. 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