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Thursday, April 15, 2021

Swiggy closing $800 mn funding

Swiggy is closing $800 million (around Rs 5,862 crore) in funding with Falcon Edge Capital, Amansa Capital, Think Investments, Carmignac and Goldman Sach joining as new investors, according to an e-mail sent by company’s co-founder and CEO to its staff.

By: ENS Economic Bureau | New Delhi |
April 6, 2021 4:13:50 am
The deal pegs the valuation of the company close to $5 billion, sources in know of the matter said.

Swiggy is closing $800 million (around Rs 5,862 crore) in funding with Falcon Edge Capital, Amansa Capital, Think Investments, Carmignac and Goldman Sach joining as new investors, according to an e-mail sent by company’s co-founder and CEO to its staff.

The deal pegs the valuation of the company close to $5 billion, sources in know of the matter said.

“It gives me great pleasure to inform you all that as a part of our recent efforts, we’re closing around $800 million in financing. Some of the world’s best financial investors like Falcon Edge Capital, Amansa Capital, Think Investments, Carmignac and Goldman Sachs, are joining us as new investors this time,” Swiggy co-founder and CEO Sriharsha Majety said in the e-mail.

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