Swiggy to invest $700 million in express-delivery service Instamart

Swiggy, India’s top food-delivery startup, will invest 100 million in a round led by Atomico, GIC, and Lightspeed, two sources familiar with the matter told me.


In India, too, more startups are beginning to explore the space. Mumbai-based Zepto is aggressively expanding its quick-delivery startup in several Indian cities. The startup, which was launched earlier this year, recently announced a 1.25 billion this year, is finalizing a new fundraise of over 10 billion, TechCrunch reported two months ago. Invesco is leading the round, the report said.