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Swiggy raises additional $43 million in Series I round
TIWN
TIWN
PHOTO : TIWN
New Delhi, April 6 (TIWN) Food delivery platform Swiggy on Monday announced it has received an additional $43 million funding as part of its ongoing Series I round.
The size of the round now stands at $156 million.
"As we continue to strengthen and expand our services that offer unparalleled convenience to our consumers, we are humbled by the faith shown by our investors year-on-year and welcome the new investors on board," said Rahul Bothra, CFO, Swiggy.
"Our focus remains to execute on our vision while building a sustainable path to profitability, he added.
Along with existing investor Tencent, new investors Ark Impact, Korea Investment Partners, Samsung Ventures and Mirae Asset Capital Markets have participated in this closing round.
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