Online food delivery start-up Swiggy, offering it services in many major Indian cities like Gurgaon and Bangalore and owned by Bundl Technologies Pvt. Ltd. has raised $15 million in a Series D round of funding from Bessemer Venture Partners and existing investors Accel Partners, SAIF Partners, Norwest Venture Partners and Apoletto Asia.
This fresh funding from investors is expected to help Swiggy compete with market rivals Zomato Media Pvt Ltd, Foodpanda India, and Runnr.
Earlier, Swiggy had raised $42 million in a Series C funding round in two tranches from a clutch of new and existing investors.
The company’s fundraising stands at $75.5 million, second only to Zomato’s $224 million.