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Swiggy in talks to raise $50 million in fresh funds

Swiggy in talks to raise $50 million in fresh funds

Monday, March 27, 2017, 7:53 AM

Online food delivery start-up Swiggy is in talks with South African media company Naspers Ltd and Chinese conglomerate Fosun International to raise at least $50 million in fresh funding, a move that is likely to give the company significant financial heft over rival Zomato Media Pvt. Ltd. Swiggy currently operates in eight cities Bengaluru, Delhi, Mumbai, Chennai, Pune, Gurgaon, Hyderabad and Kolkata.
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