Swiggy
No.55 Sy No.8-14, Ground Floor, I&J Block, Embassy Tech Village, Outer Ring Road, Devarbisanahalli, Bengaluru, Karnataka, 560103, India
Overview
Swiggy is an on-demand food delivery platform that brings food from neighborhood restaurants directly to customers' doors. The company's food delivery platform lists local restaurants and menu lists on an app for users to order from and track the delivery of its delivery executives, enabling users to order food with speed and convenience. Its service is used to pick up and drop off a diverse array of items, including laundry and document or parcel deliveries to business clients and retail customers.
- Total investments
- 3
- Lead investments
- 1
- Investments · 12mo
- 0
- Active investors
- 8
Sector focus
- Apps
- Delivery Service
- Food and Beverage
- Food Delivery
Investment portfolio
- UrbanPiper
Participated · Series B · Apr 2022
UrbanPiper operates a one-shop app that syncs inventory, billing and commerce flows across multiple food-delivery platforms for restaurants. The startup processes 18% of all online food orders in India and handles about 14 million orders a month, up from 2 million in 2019. It manages more than 27,000 restaurant locations across eight countries and has expanded to seven nations outside India. UrbanPiper says it has grown the number of restaurants it serves tenfold since 2019. The company plans to deploy the new funds to launch in more regions across India, MENA and the EU and aims to onboard over 200,000 restaurant locations in the next two years. The recent financing strengthens its position as infrastructure connecting digital players to merchants in the F&B ecosystem. UrbanPiper operates a platform that simplifies online ordering for restaurants. The company’s core product streamlines the process of taking and managing online orders. In the announced raise the firm said it will use proceeds to crystallize an analytics product. That analytics product is intended to turn order and operational data into actionable insights for restaurateurs. The article does not disclose revenue, user counts, or other operating metrics. UrbanPiper’s stated near-term plan centers on enhancing its analytics offering to better serve restaurant customers.
- Rapido
Led · Series D · Apr 2022
Rapido is an urban mobility startup that operates a captain network to serve first- and last-mile transportation needs. The company recently secured a $240 million financing at a $3 billion valuation as part of a larger $730 million round. Rapido plans to use the new capital to expand into new markets and deepen presence in existing high-growth markets. It also intends to grow its captain base and expand earning opportunities for drivers. The company will invest in technology and people to support scale and operations. Rapido is prioritizing strengthening first- and last-mile connectivity as part of its growth strategy.
- Fingerlix
Participated · Series C · Feb 2021
Fingerlix, launched in 2016, sells a wide range of ready-to-cook and fully-ready food products including batters, mixes, curries, dals, parathas and customised dishes. The company operates across Mumbai, Pune, Delhi NCR, Bengaluru, Hyderabad and Chennai. It is run by Maverix Platforms Pvt. Ltd, which also operates brands such as Canteen Central, Great Indian Khichdi, HomePlate, Meal Studio, Zippy Bowls and Happy Fix. Founders named in filings are Shripad Nadkarni, Shrikrishna Bharambe, Varun Khanna and Abhijit Berde. Financially, the company’s valuation rose about 30% from Rs 337 crore in April 2020 to Rs 440 crore after the latest tranche. Swiggy has built a significant ownership stake through multiple investments. The company has raised multiple tranches in its Series C prior to and including the current allotment.