Swiggy raises $43 million as part of Series I round

Swiggy has raised an additional $43 million as part of its ongoing Series I round. The size of the round now stands at $156 million. Along with existing investor Tencent, new investors Ark Impact, Korea Investment Partners, Samsung Ventures and Mirae Asset Capital Markets have participated in this round of closing.

The Series I round, which was initiated in February, had earlier raised $113 million led by existing investor Prosus NV along with participation from Meituan Dianping and Wellington Management Company.

With this second tranche of Series I funding, Swiggy, which is currently valued at $3.65 billion, has raised $1.42 billion to date.