Swiggy Raises 💲35 M❕

  |   Tech News

Restaurant delivery startup, Swiggy, claims to be the largest in 🇮🇳 after surpassing Foodpanda🐼 last month. It has raised 💲35 M in a Series C round, bringing the total raised to just over 💲53 million, from SAIF Partners, Norwest Venture Partners, Accel Partners, Harmony Partners, RB investments and an “undisclosed global investment entity👀.” Founder & CEO Sriharsha Majety, said that Swiggy's valuation is not being disclosed. Swiggy is live in Bangalore, Gurgaon, Hyderabad, Delhi, Mumbai🌃, Pune, Kolkata and Chennai🌇, but only has around 5,000 restaurants🍔 on its platform and approaches 1 million orders each month. They intend to invest more in engineering🔧 talent and trying to crack delivery times, which currently average to 36 mins🕘. Swiggy has rivals Ola, Zomato, Grofers and of course, Foodpanda🐼. Swiggy charges around a 15%-25% commission to restaurants and extra for smaller orders between ₹20 and ₹24.

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