SoftBank Vision Fund 2 and Prosus led the $1.25bn funding round in Swiggy.

SoftBank Vision Fund 2 and Prosus, an investment company, led the $1.25bn funding round in Swiggy, an on-demand delivery platform in India. Existing investors Accel Partners and Wellington Management and new investors Qatar Investment Authority, Falcon Edge Capital, Amansa Capital, Goldman Sachs, Think Investments and Carmignac also participated in the round. “I believe the next 10-15 years offer a once-in-a-lifetime opportunity for companies like Swiggy as the Indian middle class expands and our target segment for convenience grows to 500 million users. I am confident that we will continue to achieve new growth milestones while holding the responsibility to build a vibrant ecosystem for millions of consumers, as well as our restaurant and delivery partners,” Sriharsha Majety, Swiggy CEO.