Swiggy swings into decacorn territory

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Hello reader,

I haven’t been feeling 💯 this week.

I spent most of it nursing a bad cold – didn’t catch the ’rona, thank goodness. And as one does when sick, I’ve been ordering soupy dishes via my food delivery apps.

Speaking of such apps, Swiggy has been having a better week than me. The Indian titan secured US$700 million in late-stage funding, bringing its valuation up to US$10.5 billion.

Now excuse me while I escape under the covers.

You can find all other important investment deals that happened in the last few days in our weekly funding news wrap-up.

Let’s dive into the biggest deals and M&As that recently took place.

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The biggest deals by country

🇮🇳 Swiggy: The India-headquartered food delivery giant bagged US$700 million in late-stage funding from ARK Impact Asset Management, Alpha Wave Global, Axis Asset Management, Baron Funds/Global Advantage Fund, Ghisallo, IIFL AMC, Invesco, Kotak Investment Advisors, Prosus Ventures, Qatar Investment Authority, Segantii Capital Management, and Sixteenth Street Cap.

🇨🇳 Yusys Technologies: The Chinese enterprise solutions firm raised US$176 million in post-IPO funding from undisclosed investors.

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Lists of most active investors in the region

List of top-funded startups in Asia

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