Swiggy may raise $800 mn in J round of funding

Online food delivery platform Swiggy is close to raise $800 million in J round of funding, with investors Falcon Edge Capital, Amansa Capital, Think Investments, Carmignac and Goldman Sachs joining as new investors, IANS reported.
Swiggy food delivery jobExisting investors Accel and Prosus will also participate in the funding, according to an internal memo sent by company founder Sriharsha Majety to employees on Monday.

Singapore-based GIC and the Qatar Investment Authority (QIA) are also likely to participate in the ongoing funding round at a later stage.

Rival online food delivery platform Zomato is planning for a $750 million-$1 billion IPO later this year.

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