Swiggy is closing $800-mn fundraising round, CEO informs employees

Falcon Edge Capital, Think Investments, Goldman Sachs are among the new investors in the food delivery platform whose valuation is nearing $5 bn

Food delivery firm Swiggy is in the process to close a $800-million funding round, with Falcon Edge Capital, Amansa Capital, Think Investments, Carmignac, and Goldman Sachs joining as new investors. This round will take the company's valuation close to $5 billion from $3.6 billion, said sources in the know.

Existing investors Prosus and Accel will also be participating in the Series J round, Swiggy co-founder and Chief Executive Officer (CEO) Sriharsha Majety said in an emailed letter to employees. The fundraising was heavily oversubscribed given the positive investor sentiment towards Swiggy, said Majety in the letter.

Business Standard had in February reported