Today Swiggy, food delivery platform stated that it has raised USD 15 million in a Series D funding round conducted by Bessemer Venture Partners. This is Bengaluru-based startup named Bundl Technologies Pvt Ltd.
Swiggy’s existing investors like Accel India, SAIF Partners, and Norwest Venture Partners were present there and involved in the round.
The funds will show an important role in the next phase of growth and give a great experience to customers as well. They also plan to spread more restaurants, up gradation of technology and better delivery experience to the customer.
In January 2016 they have raised funds with existing investors York-based Harmony Partners and Singapore-based RB around USD 35 million, which now after the latest fourth round came to a gross of USD 75.5 million .
Sriharsha Majesty, Co-founder and CEO, Swiggy stated that “ The last few months has shown that we had grown rapidly and consistently which shows that customers are getting used to a new way of ordering food not only for convenience but also for new experience. We want our customers to remind us at the top-of-mind whenever they order any kind of day meal.”
To acquire the next phase of growth properly, Swiggy has hired vice president to manage the important functions like marketing, product, HR, design and Finance to have better and smooth functioning of the company. This will be an aid to flag their leadership position in the fast-growing category.
Swiggy’s services are available in Bengaluru, Hyderabad, New Delhi, Mumbai, Pune, and Gurgaon. They have claimed to have 9,000 restaurants on their platform and to deliver 40,000 orders per day and their average delivery time is 37 minutes.
Their future motive is to have a larger share of the market with the help of new executives.
Swiggy, food ordering and delivery platform funding raises to Millions
