Naspers In Talks To Pick Up Stake In Food Delivery Startup Swiggy: Reports

Naspers In Talks To Pick Up Stake In Food Delivery Startup Swiggy: Reports

Online food delivery startup Swiggy is reportedly in talks with South African Internet and media conglomerate Naspers for a possible fundraise at a valuation of about $400 Mn.Swiggy

In November 2016, Naspers set up a venture capital arm in India to expedite its investments in the country. The firm also roped in Ashutosh Sharma, formerly a part of Norwest Venture Partners, to lead investments and mergers and acquisitions. Naspers has invested in OLX, ibibo, PayU and holds a 15% stake in online retailer Flipkart.Food Tech2014BengaluruNandan Reddy +2$3.6 BnFood Tech2014BengaluruNandan Reddy +2$3.6 Bn

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