Swiggy Acqui-hires Gourmet Asian Food Startup 48East

201712.14
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Bengaluru-based food ordering and delivery startup Swiggy has acqui-hired the management team of Bengaluru-based gourmet Asian food startup 48East in order to further broaden its senior leadership. Swiggy Access, for the uninitiated, is an initiative aimed at reaching more customers and making its delivery more seamless. Japanese conglomerate SoftBank is also reportedly gearing up for a $200 Mn-$250 Mn investment in Swiggy, along with Chinese investment firm Tencent.

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