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Startups

India's Swiggy reaches decacorn valuation after raising $700m

SoftBank-backed startup to fuel quick delivery amid hot competition

SAYAN CHAKRABORTY, Nikkei staff writer | India

BENGALURU -- Indian food delivery startup Swiggy has raised $700 million to fuel its quick delivery business amid heightened competition from its publicly traded competitor Zomato, Reliance Industries, the Tata Group and Y Combinator-backed Zepto.

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