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South African Naspers leads $100m round in Swiggy

by Denis Opudo February 14, 2018, 2:44 am 354 Views

Naspers, Swiggy, Larry Illg, Sriharsha Majety

Swiggy is one of best food-tech Startup Company in India. The company has managed to secure $100 million funds from South African Naspers. Therefore, Swiggy Company is currently worth $600-650 million.

According to Swiggy CEO, Sriharsha Majety, new funding will aid in customers satisfaction, improvement of offerings, technology development and improvement of the ecosystem. Besides, Majety said that new investor Meituan Dianping will finally end the negotiations between SoftBank and Flipkart.

The CEO of Naspers Ventures, Larry Illg commented that Swiggy had recorded strong growth, good performance and long-term relationship with clients in 2017.

The recent report postulates that Swiggy Company fulfills approximately 30,000 orders daily. Swiggy company realized six times growth in revenue in the financial year 2016-2017.

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Written by Denis Opudo

Am an engineer who's a tech blogger, hit me up on [email protected] and we base our discussion on technology in Africa and the rest of the world.
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