Swiggy raises additional $43 million as part of ongoing funding round

Post-money valuation rises marginally to $3.65 billion

Online food delivery firm Swiggy has raised an additional amount of $43 million as part of its ongoing Series ‘I’ round, which saw participation by existing investor Tencent and new investors such as Ark Impact, Korea Investment Partners, Samsung Ventures and Mirae Asset Capital. Including this fresh funding, the Bengaluru-headquartered company has raised $156 million under this round.

According to the sources, the post-money valuation of Swiggy has gone up marginally to $3.65 billion as compared to $3.5 billion that it was valued at this February when it raised $113 million from existing investor Prosus NV, and from Meituan Dianping