Swiggy closes $1.25 billion funding from Softbank, Prosus and others

'This investment would further accelerate Swiggy’s multi-year strategy of growing its core business and building new food and non-food adjacencies in 2021 and beyond.'

Bengaluru-based Swiggy, a food delivery platform, said it had raised $1.25 billion in funding, in a round led by SoftBank Vision Fund 2 and consumer internet firm, Prosus, on July 20. The funding round saw participation from existing investors, Accel Partners and Wellington Management and also new investors including Qatar Investment Authority, Falcon Edge Capital, Amansa Capital, Goldman Sachs, Think Investments and Carmignac. This investment would further accelerate Swiggy’s multi-year strategy of growing its core business (food delivery), and building new food and non-food adjacencies in 2021 and beyond, the company said in a release.