Swiggy, An India-based Food Delivery Startup, Raises $1B
20 Dec 2018 12:54 PM GMT
The enthusiasm on the part of the Alibaba-affiliate and Tencent could be driven by their strategic interest in gathering more of the growing payment market in India?s emerging economy.
- As we ramp up to slow down for the holiday season, let’s talk about who has picked up more venture dollars.
- One of India’s leading food delivery companies, Swiggy, scored a $1 billion round led by South Africa-based Naspers with participation from a new investor, China’s Tencent, among others.
- The round brings Swiggy’s total known funding to nearly $1.5 billion, according to Crunchbase.
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