Swiggy in talks for raising $300 million: Reports
The new funds are likely to be utilised for growing the platform's quick commerce business
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Published: May 2, 2023 11:48 AM | 1 min read
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Swiggy is in early-stage talks for raising $300 million, as per media reports. The food delivery company has started internal round of talks.
The new funds are likely to be utilised for growing the platform's quick commerce business.
Swiggy's existing investors are SoftBank, Prosus and AlphaWave.
The company's valuation, as per reports, has been downgraded by almost 30%.
Swiggy told e4m that the reports were untrue. "This news is speculative in nature and holds no truth."
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