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HigherLevelGames
Learning | Earning • 1y
Game Changing Growths of India [ PART 1 ] In 2014, an e-commerce website called Bundl was rebranded as "SWIGGY" to enter the food delivery market and in August 2014. In 2015, Swiggy recieved $2 million investment from Accel and SAIF Partners with additional investment from Norwest Venue Partners. In 2018, Swiggy raised $100 millon from Naspersand Meituan-Dianping. After the success of starting a kitchen incubator business called "Swiggy Access", By 2019 - over 1000 Swiggy Access Kitchens were operational and in 2020, the company was valued around $3.6 billion. In 2019, Swiggy expanded their general product deliveries under the name "Swiggy Stores". But by 2021, the company closed Swiggy Stores and launched it's instant grocery delivery service called "Instamart", which was a huge success. In July, 2021 Swiggy raised $1.25 billion from SoftBank, Prosus. And later in January 2022, Swiggy's valuation rose to $10.7 billion after a $700 billion fundraise by US asset manager Invesco.
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