Swiggy’s parent company Bundl Technologies has invested Rs 31.2 crore in ready-to-cook food startup Fingerlix as part of its ongoing Series C round, according to RoC filings sourced from Paper.vc. This is as per a report in the Economic Times.

The Mumbai-based startup which is in the process of raising its Series C has also mopped up funds from its existing investors including Accel Partners and Zephyr Peacock.
Founded in 2016 by Shree Bharambe and Shripad Nadkarni, the startup is looking to raise Rs 63 crore in this round. All told, the company has picked up over Rs 135 crore.
Vivek Sunder, COO, Swiggy.com, in a statement said,”We are committed to elevating the quality of life of consumers by making their lives more convenient. Fingerlix under the able leadership of Shripad & Shree has built a much-loved brand with a unique model of creating products which we believe will unlock a new category of convenience for customers. ”
Swiggy which is currently valued at $3.3billion, had earlier this month acquired Kint.io a startup which specialises in applying deep learning and computer vision for object recognition in videos, for an undisclosed amount. Swiggy’s other acquisitions include Supr Daily, Scootsy, 48east.
Talking about Swiggy brings to mind its nearest competitor in the online food delivery area, Zomato.
The focus of Zomato is ‘Discovery around food’ and that of Swiggy is ‘Discovery beyond food’.
Currently Zomato’s investors are Infoedge, Vy Capital, Temasek Holdings, Sequoia Capital India, Ant Financial, Grade Brook Capital Partners & Neeraj Arora. And Swiggy’s are Naspers, DST Global, Meituan Dianping, Coatue Management, Tencent Holdings, Hillhouse Capital & Wellington Management.
Zomato | Swiggy | ||
Valuation | Orders per month | Valuation | Orders per month |
$2 bn | 28 mn | $3.3 bn | 27 bn |
Zomato’s acquistions are | |||||
TechEagle Innovation | |||||
TongueStun | |||||
Runnr | |||||
Sparse Labs | |||||
NexTable | |||||
MapleGraph Solutions Pvt Ltd. | |||||
Mekanist | |||||
Urbanspoon | |||||
Cibando | |||||
gastronauci.pl
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Experts tracking the space said that Swiggy is looking to be a horizontal platform and is branching out into other categories apart from food. It recently launched on-demand product deliveries with its newest offering Swiggy Stores. The service is currently being piloted in Gurugram, wherein the company claims to offer products from more than 3,500 stores including 200 prominent brands. The move is expected to boost Swiggy’s delivery volume which currently stands at 28 million orders per month across only the food delivery segment.