Swiggy enters unicorn club with $210 million funding
The latest funding, led by Naspers and Yuri Milner’s DST Global, values Swiggy at roughly $1.3 billion, surpassing rival Zomato’s $1.1 billion valuation. Swiggy, founded in August 2014, is one of the fastest entrants into the unicorn club. Swiggy plans to use the funds to ramp up its supply-chain network and expand to new markets. Swiggy operates in 15 cities and claims to have more than 35,000 restaurant partners on its platform. It has a delivery fleet of over 40,000.