Swiggy is not the first food-tech start-up to bet on the so-called cloud kitchen. Photo: Priyanka Parashar/MintOnline food delivery start-up Swiggy (Bundl Technologies Pvt. Swiggy is not the first food-tech start-up to bet on the so-called cloud kitchen. Earlier this year, Swiggy raised about $80 million from South African media company Naspers and existing investors Accel Partners, SAIF Partners, Bessemer Venture Partners, Harmony Partners and Norwest Venture Partners. The last funding round made Swiggy one of the best-funded food delivery start-ups in India—so far, Swiggy has raised roughly $155 million in equity.

Source: Mint September 19, 2017 01:52 UTC