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722 Food delivery tech group Swiggy raises $700 million to expand app reach

Business of Apps
Anne Freer @ Business of Apps 3 place · 01/25/2022 05:45 EDT

Food delivery tech group Swiggy raises $700 million to expand app reach

Swiggy the Indian food delivery tech group just raised a whopping $700 million in a Series K funding round bringing its total valuation to a whopping $10.7 billion, surpassing that of rival Zomato. Led by Invesco, the latest round comes just six months after Swiggy secured $1.25 billion to expand its South Asian operations.  It was valued at $5.5 billion in July. The latest funding comes on the back of the company doubling its food delivery business gross order value.  Swiggy operates across 500 Indian citi

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