December Restaurant Industry Funding: Food Delivery and Coffee Chains Score
Skift Take
Asia was a hot market in December, with India-based food delivery company Swiggy taking home the top $1 billion funding prize.
It’s time to see what tech and restaurant companies received a few extra million dollars in their Christmas stockings from investors in December.
Last month’s slew of announced funding rounds by firms was highlighted by India food delivery startup Swiggy, which earned $1 billion in Series B funding. Stakeholders also showed particular interest in young coffee chains in Asia. Even a growing segment in the restaurant industry, robotic-based farming, drew repeat attention from the likes of Google Ventures.
Note: This is the second installment of Skift Table’s monthly tech-funding roundup. To view November’s list, click here.
Tech Vendors:
Swiggy
Amount Raised: $1 billion
Lead Investors: Naspers Ltd, Tencent Holdings Ltd, and Hillhouse Capital.
Skift Table Take: Swiggy is now valued
