• Monday, May 23, 2022

Business

India’s Swiggy Raises $1 Billion In Naspers Led Funding Round

Naspers’ substantial investment in Swiggy, as well as its recent investment in BYJU’S leading a $540mn funding round, demonstrates the company’s commitment to India across multiple sectors (Photo: Igor Golovniov/SOPA Images/LightRocket via Getty Images).

By: Radhakrishna N S

Indian based online food delivery service provider, Swiggy said on Thursday (20) that it has raised $1 billion in its latest funding led by South African internet firm Naspers Ltd. Naspers, a global internet and entertainment group and one of the largest technology investors in the world, announced that it has executed definitive agreements to lead a $1bn Series H round in Swiggy, Naspers said in a statement. Swiggy India’s food delivery platform located in India’s Southern city, Bengaluru, is valued at a little over $3bn after the current funding round, media reports said. The current funding round includes participation…

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