INFOGRAPHIC: Top Asian Startup Funding — Week 45
These are the funding deals we tracked in the Asian region this week – featuring Swiggy, Easy Home Finance, Ampd Energy, Boldfit, and CynLr.
- India’s Swiggy secures $605 million in a pre-IPO round to expand its food delivery and on-demand services across India.
- Mumbai-based Easy Home Finance secures $35 million in a growth-stage round to scale its digital home financing platform and reach more locations in India.
- Singapore’s Ampd Energy raises $27.3 million in Series B to enhance its battery energy storage systems for industrial decarbonization.
- Boldfit, a tech-driven Indian D2C fitness brand, receives $13 million in a Series B round to innovate fitness products and expand brand presence.
- Bengaluru’s CynLr raises $10 million in a Series A round to advance its visual robotics technology, streamlining automation in manufacturing.
Swiggy Secures $605 Million in Pre-IPO Funding to Strengthen Market Position
India’s foodtech startup, Swiggy, has successfully raised $605 million in a pre-IPO funding round from a consortium of prominent investors, including BlackRock, Fidelity, SBI Mutual Fund, and ICICI Prudential. The firm says this new capital will support efforts to expand its platform, solidify its position in India’s on-demand delivery market, and prepare for a highly anticipated IPO.
Founded in 2014 by Sriharsha Majety, Rahul Jaimini, and Nandan Reddy, Swiggy has transformed food and grocery delivery across India. With this funding, Swiggy plans to scale its operations, enhance customer experience, and continue innovating across its verticals, aiming to achieve an $11.3 billion valuation upon listing.
Swiggy’s strategic focus includes enhancing its platform capabilities and expanding its reach, enabling it to meet the growing demands of its user base and positioning itself for long-term growth in India’s competitive foodtech sector.
