Bengaluru-based foodtech unicorn Swiggy has raised $113 million funding as a part of its Series I round. This round was led by Prosus N.V., with participation from Meituan Dianping and Wellington Management Company.
Claiming that the startup has become synonymous with exceptional customer experience, he added that Swiggy has created multiple growth avenues for its partners while investing in new lines of business.
The startup claimed that its transaction numbers have grown by nearly 2.5X this past year. It added that its restaurant partner base has also grown 4X to over 1.6 lakh partners, with over 10,000 new restaurants being added every month.
At present, the platform has over 250,000 delivery partners across 520 cities which means that one out of every four Indians can now access Swiggy.
When They first partnered with Swiggy three years ago, they recognised the Swiggy team had built a sustainable, long-term business that stood out amongst others in India. Swiggy has built a solid leadership position in India and is utilising its strong logistics network and consumer loyalty to expand its offering to services that continue to make consumers lives more convenient.