BENGALURU : SoftBank-backed Indian food delivery firm Swiggy said on Monday it raised $700 million in a funding round led by U.S. investment firm Invesco, as competition intensifies for quick delivery of food and grocery in Asia's third-largest economy.
"While the food delivery business has nearly doubled in gross order value in the last year, this fundraise will enable Swiggy to further accelerate growth on the core platform and make meaningful investments to grow Instamart," Swiggy said in a statement.
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