Swiggy raises $1 billion in funding, puts Zomato on notice3 min read . Updated: 21 Dec 2018, 10:13 AM IST
With this funding, Swiggy has become the fifth most valuable startup in India at a valuation of $3.3 billion, underscoring the stunning rise for a firm that was started four years ago
Bengaluru: Online food delivery startup Swiggy, which entered India’s “unicorn" club earlier this year, has raised $1 billion in fresh capital, marking the biggest ever funding round in the country’s booming food-tech sector and increasing pressure on arch-rival Zomato to quickly raise fresh funds.
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