Swiggy gets battle ready; raises $210 mn from Naspers, DST Global

Latest round pegs company's valuation at $1.3 billion, making it the most valuable online food ordering platform in India

Online food ordering and delivery service Swiggy has become the latest Indian startup to achieve the unicorn (startup valued over $1 billion) status after raising $210 million (Rs14.28 billion) in fresh funding led by South African Internet giant Naspers and Russian billionaire Yuri Milner-led investment firm DST Global.

Sources confirmed that the funds were raised at a valuation close to $1.3 billion, making Swiggy the second Indian food-tech firm after rival Zomato to be valued at over a billion dollars and currently the most valuable firm in the sector. The company has so far raised over $450 million in its