Swiggy

Carlyle Group to invest around $200 Mn in Swiggy at $4.5 Bn valuation

Swiggy

Swiggy is reportedly seeking $200 million investment from US-based private equity fund Carlyle Group at a valuation of $4.5 billion. This will be a significant jump in valuation from $3.3 billion when it raised $1 billion round led by Naspers in December 2018.

The foodtech unicorn will use the fresh capital to grow its delivery fleet, expand food to other delivery services and enhance its hyperlocal services. (Source)

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