ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
DealStreetAsia

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.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more