Indian startup Swiggy gets major SA investment injection
The company intends to use the money improve its tech and expand into new markets.
In a round led by South Africa’s Naspers Ltd and investment house DST Global, four-year-old Indian startup Swiggy, a food ordering and delivery company based out of Bangalore, India, has raised a whopping $210 million.
The company says it intends to use the funds to improve its supply chain and technology, as well as expand into new markets. Swiggy currently lists 35,000 restaurants and has 40,000 delivery people across 15 cities.
Pictured: Swiggy CEO, Sriharsha Majety