News of the Day: Funding News Of The Week (18th-23rd June)
This week was quite eventful in terms of funding activities. Few of the well-known firms raised a substantial amount of funds from different investors. So, here you can have a glimpse of the major funding activities that took place this week starting from 18th June 2018 to 23rd June 2018.
The recap of funding for the week is as follows:
1) Swiggy
Food Delivery Platform Swiggy sealed its much awaited $210 million funding with Russian billionaire Yuri Milner’s’ DST Global thereby finally making entry into the prestigious “Unicorn” club.
The total capital of the company crossed $466 million followed by this round. Swiggy will be using the freshly raised capital in revamping its supply chain network and expanding to new markets. With an expected market valuation of $1.2 billion, ...