Swiggy leads mega $1 billion to $3.3 billion valuation - Another success Story of an Indian Food Delivery System

Swiggy leads mega $1 billion to $3.3 billion valuation - Another success Story of an Indian Food Delivery System: Indian food delivery system raising up after the Success story of Swiggy, one of the startups cross swords for axial position, landed $210 million in new capital for expansion and joined the billion-dollar startup unicorn club. On a report it said, it has cleaned up $1 billion in funding led by existing backer, South African media giant Naspers, besides entry of new investors like China’s Tencent and hedge funds Hillhouse Capital and Wellington Management. The new round will see the valuation of the five-year-old Bengaluru-based startup swell to $3.3 billion, according to sources familiar with the development.

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