India’s online food ordering startup Swiggy has raised $210 million in fresh funding from new and existing investors led by South African media company Naspers Ltd and Russia’s DST Global..The latest funding values Swiggy at roughly $1.3 billion, surpassing rival Zomato’s $1.1 billion valuation based on a February fund-raising round, reported Mint..Shardul Amarchand Mangaldas advised Swiggy and the team was led Partner Siddharth Nair, along with Senior Associate Asmita Mishra and Associate Shachi Singh..Nishith Desai Associates represented Naspers, DST and Coatue Management. The team at NDA included Vaibhav Parikh, Karan Kalra, Aishwarya H, Shipra Padhi, Ankit Porwal and Swati Sharma..Gunderson Dettmer acted for Naspers and the team was led by Of Counsel Ryan Purcell..Goodwin Procter advised DST Global and the team was led by Partner Yash Rana..Orrick acted for Coatue Management (Incoming Investor) with a team led by London Partner Shawn Atkinson..Hankun Law advised China’s Meituan-Dianping and the team was led by Partner Lee Han Meng..Swiggy plans to use the funds to ramp up its supply-chain network and expand to new markets..Swiggy, which operates in 15 cities including Bengaluru, Delhi, Mumbai, Pune, Hyderabad, and Kolkata, claims to have more than 35,000 restaurant partners on its platform and a delivery fleet of over 40,000.
India’s online food ordering startup Swiggy has raised $210 million in fresh funding from new and existing investors led by South African media company Naspers Ltd and Russia’s DST Global..The latest funding values Swiggy at roughly $1.3 billion, surpassing rival Zomato’s $1.1 billion valuation based on a February fund-raising round, reported Mint..Shardul Amarchand Mangaldas advised Swiggy and the team was led Partner Siddharth Nair, along with Senior Associate Asmita Mishra and Associate Shachi Singh..Nishith Desai Associates represented Naspers, DST and Coatue Management. The team at NDA included Vaibhav Parikh, Karan Kalra, Aishwarya H, Shipra Padhi, Ankit Porwal and Swati Sharma..Gunderson Dettmer acted for Naspers and the team was led by Of Counsel Ryan Purcell..Goodwin Procter advised DST Global and the team was led by Partner Yash Rana..Orrick acted for Coatue Management (Incoming Investor) with a team led by London Partner Shawn Atkinson..Hankun Law advised China’s Meituan-Dianping and the team was led by Partner Lee Han Meng..Swiggy plans to use the funds to ramp up its supply-chain network and expand to new markets..Swiggy, which operates in 15 cities including Bengaluru, Delhi, Mumbai, Pune, Hyderabad, and Kolkata, claims to have more than 35,000 restaurant partners on its platform and a delivery fleet of over 40,000.