Private Equity Fund Investments
Food delivery unicorn Swiggy completes $1.25 B round from SoftBank, others
Bengaluru-based food delivery platform Swiggy.com has raised USD 450 million from SoftBank Vision Fund II, raising a total of USD 1.25 billion as part of the round from other new investors like Qatar Investment Authority, Falcon Edge Capital, Amansa Capital and Goldman Sachs, and the participation of existing investors Prosus (formerly Naspers), Accel and Wellington Management. The company is valued at USD 5.5 billion post the fund raise. Swiggy will use the fresh capital to aggressively invest in non-food verticals along with exploring M&A opportunities and hiring tech talent.
From the Venture Intelligence PE-VC Deal Database: Between Feb-15 and Apr-21, Swiggy.com had raised about $4.5 B. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)
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