India: Food delivery rivals Zomato, Swiggy join hands to invest in UrbanPiper

Restaurant management platform UrbanPiper on Monday said it has raised $24 million in a Series B funding round from investors including Swiggy and Zomato, making the food delivery rivals join hands for the first time to back one company.

The funding round led the company’s valuation north of $100 million and had both Zomato and Swiggy contribute $5 million each, its co-founder Saurabh Gupta told DealstreetAsia in an interview.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter