Swiggy on a roll: after acquiring Scootsy, it is now in talks to raise fresh funds: Report

Swiggy is in serious talks with several investors to raise funds Swiggy is taking entrepreneurial aggression to all new level. Not even 24 hours have passed since it announced the acquisition of troubled startup Scootsy, now buzz is that Swiggy is in talks to raise additional funds. Reports claim that the Bengaluru headquarter food delivery company…

ByGirish ShettiAugust 3, 20180Comments

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Weekly Funding Roundup: Swiggy, IndiQube, Wonderchef, Cashify & others raised funds

This week 13 promising startup secured funds. This week total 13 promising startups managed to secure funds from investors as funds keep coming by despite the ongoing funding crunch in the Indian startup ecosystem. Once again startups hailed from diverse sectors like online food delivery, Fintech, co-working space, healthcare among others. Here is a look down…

ByGirish ShettiJune 23, 20180Comments

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Zomato in discussion to raise $400 million from existing Investors: Report

Zomato in discussion to raise $400 million in fresh funding round. Online food delivery major Zomato is in discussion to fetch nearly $400 million through fresh funding round, according to people familiar with the matter. The development comes barely hours after Zomato’s main rival Swiggy raised $210 Mn from DST Global & other investors, propelling the…

ByGirish ShettiJune 22, 20180Comments

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Swiggy earns Unicorn tag with $210 Mn funding from DST Global & others

Swiggy raises $210 Mn funding from DST Global & other investors. Food delivery startup Swiggy has become the latest entrant in the coveted unicorn club after it raised $210 Mn in a fresh funding round that was led by DST Global, which is owned by Russian billionaire Yuri Milner. Existing investors Nasper, Meituan Dianping and hedge…

ByGirish ShettiJune 21, 20180Comments

News

Swiggy seeks Fresh Funding as it aims for Unicorn status: Report

Swiggy is aiming for $250 Mn funding round Bengaluru based food delivery startup Swiggy is aiming for $250 Mn funding round from some high profile investors, according to close sources familiar with the matter. While this will surely fatten Swiggy’s cash reserves, it will also propel the startup into the coveted unicorn club. This would make…

ByGirish ShettiMay 16, 20180Comments

News

Global hedge fund Coatue Management in talks to Invest in Swiggy

Global hedge fund Coatue Management in discussion to Invest in Swiggy. New York based Global technology hedge fund Coatue Management is reportedly in discussion to pick up minority stake in the online food delivery startup Swiggy. If sources are to be believed, Coatue Management along with Chinese e-commerce firm Meituan-Dianping and other investors are looking to…

ByGirish ShettiMarch 28, 20180Comments

News

Swiggy Raises $100 million from Naspers in Largest Fund Raising Round

Swiggy Raises $100 million from Naspers. Online food delivery startup and Zomato’s main rival Swiggy has scooped up $100 million (Rs 640 crore) in its largest ever fund raising round till date. The Series F fund raising round was led by existing investor and South African media giant Naspers, while a new Chinese investor Meituan-Dianping also…

ByGirish ShettiFebruary 8, 20180Comments

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Zomato Pursuing Merger Talks with Arch-rival Swiggy: Report

Zomato starts merger talks with rival Swiggy. Online restaurant discovery and ordering platform Zomato has initiated merger talks with main competitor Swiggy, according to people familiar with the matter. However, this proposed merger talk is likely to fall through, since Swiggy is reported to be not too happy with the share swap deal. Sources claim that Zomato…

ByGirish ShettiNovember 1, 20170Comments

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