Total amount raised
$3.8 Billion
Latest funding date
10/1/2024
Location
Swiggy has successfully raised funds through 20 rounds, with its most recent being a Post-IPO Equity round led by ICICI Prudential Mutual Fund. The platform is backed by 63 investors, including notable names like ICICI Prudential Life Insurance and Mirae Asset Mutual Fund.
Swiggy offers a comprehensive food and grocery delivery service, partnering with restaurants and grocery stores to cater to a wide range of customer needs. Keep reading to explore the intricacies of Swiggy's fundraising journey and the investors backing this innovative platform.
What Is Swiggy?
Swiggy, based in Bangalore, Karnataka, India, is a prominent player in the food and grocery delivery industry. Founded in 2014, the company has grown significantly, employing between 5001 and 10000 people.
Swiggy offers a platform that connects users with a wide range of restaurants and grocery stores, ensuring a seamless delivery experience. The company has raised substantial funding and made several strategic investments and acquisitions to expand its services.
How Much Funding Has Swiggy Raised?
- Post-IPO Equity
- Amount Raised: INR 100,000,000,000
- Date: December 2025
- Lead Investors: ICICI Prudential Mutual Fund
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To raise capital for expansion and operational costs.
- Post-IPO Secondary
- Amount Raised: INR 17,480,000,000
- Date: August 2025
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity to existing shareholders.
- Secondary Market
- Amount Raised: USD 200,000,000
- Date: October 2024
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support market penetration and technological advancements.
- Secondary Market
- Amount Raised: INR 30,000,000
- Date: September 2024
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance operational efficiency.
- Series Unknown
- Date: August 2024
- Lead Investors: Amitabh Bachchan’s family office
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support strategic investments and acquisitions.
- Series J
- Amount Raised: USD 700,000,000
- Date: January 2022
- Lead Investors: Invesco
- Valuation at Round: $10.7 billion
- Motivation Behind the Round: To accelerate growth on Swiggy's core platform and invest in Instamart.
- Series J
- Amount Raised: USD 450,000,000
- Date: July 2021
- Lead Investors: SoftBank Vision Fund
- Valuation at Round: $5.5 billion
- Motivation Behind the Round: To support growth and expansion in response to increased demand.
- Series J
- Amount Raised: USD 800,000,000
- Date: April 2021
- Lead Investors: Alpha Wave Global, Amansa Capital, Carmignac, Goldman Sachs, Think Investments
- Valuation at Round: $3.6 billion
- Motivation Behind the Round: To expand delivery network and enhance technology platform.
- Series I
- Amount Raised: USD 43,000,000
- Date: April 2020
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To continue expanding services and maintain market position.
- Series I
- Amount Raised: USD 113,000,000
- Date: February 2020
- Lead Investors: Prosus Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support growth and expansion plans.
Total Amount Raised: $2,303,000,000
Current Valuation: $10.7 billion
Key Investors
- ICICI Prudential Mutual Fund
- Details: ICICI Prudential Mutual Fund is one of India's leading mutual fund houses, managing a diverse portfolio of assets. It is a joint venture between ICICI Bank and Prudential Plc.
- Investment Focus Areas: Equity, debt, hybrid funds
- Notable Investments: Not publicly disclosed
- Invesco
- Details: Invesco is a global investment management firm headquartered in Atlanta, Georgia. It offers a wide range of investment products and services.
- Investment Focus Areas: Technology, healthcare, consumer goods
- Notable Investments: Tesla, SpaceX, Swiggy
- SoftBank Vision Fund
- Details: SoftBank Vision Fund is a venture capital fund managed by SoftBank Group, focusing on technology-driven companies. It is one of the largest technology investment funds in the world.
- Investment Focus Areas: Technology, artificial intelligence, robotics
- Notable Investments: Uber, WeWork, Swiggy
- Alpha Wave Global
- Details: Alpha Wave Global, formerly known as Falcon Edge Capital, is a global alternative asset manager. It focuses on long-term investments in high-growth sectors.
- Investment Focus Areas: Technology, healthcare, consumer services
- Notable Investments: Swiggy, Ola, PolicyBazaar
- Prosus Ventures
- Details: Prosus Ventures is the venture capital arm of Prosus, a global consumer internet group. It invests in technology companies around the world.
- Investment Focus Areas: E-commerce, fintech, food delivery
- Notable Investments: Tencent, Delivery Hero, Swiggy
What's Next for Swiggy?
Swiggy's future is brimming with opportunities, particularly in expanding its food delivery services and its quick commerce grocery platform, Instamart. With Instamart expected to reach a $1 billion GMV run rate soon, the potential for growth is substantial. The company aims to become a platform used by 100 million consumers 15 times a month, reflecting the vast market opportunity.
Future fundraising efforts are likely as Swiggy continues to attract significant investment to support its expansion and diversification strategies. The booming demand for quick delivery services and the increasing interest from institutional investors suggest a favorable environment for future rounds.
However, Swiggy faces challenges such as intense competition from other quick commerce and food delivery platforms, market volatility, and the need to maintain service quality while scaling rapidly. Navigating these hurdles will be crucial for sustaining growth and achieving long-term success.
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