by Garima Garg
Local food delivery app Swiggy raises USD 80 M for Series E
Founded by: Rahul Jaimini, Sriharsha Majety and Nandan Reddy
Founded in: 2014
Valued at USD 400 million currently, India’s Swiggy is an up-and-coming local food delivery app. The app connects users with eateries and restaurants in their localities, and the delivery of the orders is processed by Swiggy’s own network. The app is currently functional in eight Indian cities and has reportedly partnered with 12,000 restaurants so far.
As per latest report, the foodtech platform has raised USD 155.5 million in total. South Africa’s Internet media conglomerate, Naspers, led the latest round of Series E funding, adding USD 80 million to Swiggy. Existing investors include Accel India and SAIF Partners among others.
With the latest funding, the startup will work on enhancing customer experience. It also plans to double its tech team strength as well as increase investments in core areas like engineering, personalization, and so on.
Daily consumables delivery app Supr Daily attracts investors from Silicon Valley
Founded by: Puneet Kumar and Shreyas Nagdawane
Founded in: 2015
Mumbai-based Supr Daily is a subscription based micro delivery app. It delivers daily consumables like milk, bread and eggs to its users every morning. The founders claim to have served more than 1 million Mumbai residents, on the back of its 50-member delivery fleet. The company also claims to have brought down the delivery costs from a standard of INR 50 (USD 0.77) to INR 1-3, as per a report.
Supr Daily has previously been part of Y Combinator’s mentorship programme’s 2017 batch. Maybe that is why Supr Daily has also attracted the attention of their Silicon Valley investors such as Y Combinator partner Jared Friedman. In its latest round of funding, it raised USD 1.5 million.
With the latest funding, the startup will increase its delivery fleet. Currently active in 15 neighborhoods in Mumbai, it plans to expand to at least 100 neighborhoods.
(Top photo from Pixabay)