Swiggy held talks with a host of new investors including SoftBank, growth equity firm General Atlantic and a couple of Chinese hedge funds for the new round.
Having entered Hong Kong, Philippines, Malaysia and India in 2017, Eatigo will use the funds to launch in several more markets and extend its product offering.
Coatue and Meituan-Dianping, besides two other investors who could not be identified, are in talks to invest in Swiggy, which was valued at $700 million last month
The Aavishkaar Bharat Fund is targeting early-to-mid stage investment opportunities in sectors such as healthcare, agriculture, clean technology, education and financial inclusion.