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India food delivery rivals Zomato, Swiggy back UrbanPiper fund

Restaurant management platform raised $24m in Series B round

Swiggy and Zomato are the two biggest players in the Indian food delivery sector. (Source photo by Reuters and Getty Images)

NEW DELHI -- Restaurant management platform UrbanPiper said on Monday it has raised $24 million in a Series B funding round from investors that include Swiggy and Zomato, forcing the food delivery rivals to back one company.

The funding round pushed valuation north of $100 million and saw both Zomato and Swiggy contribute $5 million each, UrbanPiper co-founder Saurabh Gupta told DealstreetAsia.

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