The Series C round also saw participation from Accel Partners, New York-based investor Harmony Partners, nSingapore's RB investments and an undisclosed global investment entity, Swiggy said in a statement.

The Bengaluru-based firm was advised by Mumbai-based Avendus Capital on the latest transaction, it added.

Swiggy, which has presence in eight cities (Bengaluru, Gurgaon, Hyderabad, Delhi, Mumbai, Pune, Kolkata and Chennai), has over 5,000 restaurants listed on its platform.

"While our focus will continue to be growth across all geographies, we will now concentrate on profitability and sustainability in established markets. We are looking at delivering over one million orders a month in the near future," Swiggy CEO and co-founder Sriharsha Majety said.

Swiggy has previously raised USD 18.5 million from NVP, SAIF Partners and Accel Partners.

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