Food Delivery Startup Swiggy Secures $80 Million

Swiggy just closed $80 million in financing. Two investors contributed to the round, including Naspers Ventures.

Swiggy is an India-based company that provides a complete food ordering and delivery solution from neighborhood restaurants for the urban foodie. Swiggy aims to stand out by offering a curated list of restaurants and services, as well as its own in-house delivery fleet that picks up orders from restaurants and delivers to customers. It charges a commission of between 15 and 25 percent to restaurants; for smaller orders, customers pay between 20 and 24 rupees depending on the city. Swiggy is currently in eight cities, where it offers more than 9,000 restaurants on its platform.