Prosus Ventures leads Series I financing for Swiggy

Gunderson Dettmer client Prosus Ventures (formerly known as Naspers Ventures) led the US$113 million Series I financing round into Swiggy, a food delivery platform.

In its announcement chief executive of Prosus Ventures Larry Illg said “Swiggy continues to exhibit strong execution and a steadfast commitment to delivering the best service to consumers and has one of the best operational teams in food delivery globally. We are confident Swiggy will continue on a path to earn a significant place in the daily lives of Indians.”

The Gunderson Dettmer deal team included Steven Baglio, Jonathan Pentzien and Jolyn Ang.