Swiggy “grabbed” funding $16,5M
The amount of 16,5 million dollars in a Series B round was raised from Swiggy, an Indian curated takeout delivery service.
The startup, that was launched in August last year,has hired its own delivery fleet, powered by a routing algorithm, to maximize speed and efficiency! Something, that makes the payment process more convenient and at the same time customers can choose from multiple online payment options. The funding process was led by Norwest Venture Partners, and the participation of Accel Partners and SAIF Partners. The funding will power Swiggy’s expansion into several additional Indian cities this year. Last but not least, the food delivery in India is an $6 billion market.