Cape Town – 8 February, 2018 - Naspers, a global internet and entertainment group and one of the largest technology investors in the world, today announced that it has made an additional investment in Swiggy, India’s leading online food ordering and delivery platform. The Chinese internet giant, Tencent, may also participate in the round of funding according to the officials. Along with Tencent, the new investors include Ark Impact, Korea Investment Partners, Samsung Ventures, and Mirae Asset Capital Markets. Japanese conglomerate SoftBank is reportedly eyeing an investment of $300 Mn – $500 Mn in foodtech unicorn Swiggy. Swiggy, nevertheless, has been working to enhance services of 'Dunzo' for the delivery of essentials. Also Read: Swiggy Goes Beyond […] SoftBank may invest $200-250 million in Swiggy Reports also indicate that Flipkart, Tencent and Alibaba are in talks with Swiggy for possible investments. Carlyle could invest up to $200 million in the unicorn at a valuation of $4.5 billion.Swiggy will use the funds to grow its delivery fleet, expand beyond food to other delivery services Amazon all set to enter India’s food delivery market, India’s Swiggy raises $113M led by Prosus, Inside Prosus Ventures’ $4.5 billion bet on India, India’s Swiggy goes beyond food to offer product delivery from local stores. ET had reported in March that Coatue Management was in talks to invest between $50 and $100 million in Swiggy. The Indian e-commerce giant Flipkart may soon invest US $50 million (Rs. Share story. As per regulatory filings, Ant Financial held 23% in Zomato as of November 2018. Features Of Swiggy: The features of Swiggy makes them one of the most successful apps in the industry. Well the speculations remain inevitable. Similar to … According to the report, Flipkart will invest approx $50 million and Tencent will also invest about $50 million, which will make the deal $100 million. In February this year, Swiggy had raised $113 million, led by existing investor Naspers, and … Swiggy had raised two rounds of funding in FY19 — $210 million around June by DST Global and Naspers along with its international investment unit Prosus and $1 … (Photographer: Dhiraj Singh/Bloomberg) Food ordering platform Swiggy on Monday announced a secondary liquidity programme for its employees who were part of the employee stock ownership plan (ESOP) of the company. Their most recent investment was on Apr 7, … Now, Flipkart wants to broaden the scope of its services and offerings besides being just an e-commerce marketplace. Now the latest buzz is that Naspers, which is the largest stake holder in Swiggy, is in discussion to invest in corporate catering startup HungerBox. With this move, SoftBank joins Flipkart and China based Tencent, in their investment bid. So far, Swiggy has raised $1.57 billion. With over 1,000 kitchens in a year, Swiggy invests Rs 250 Cr to focus on cloud kitchens . Food delivery major Swiggy on Wednesday said it has invested Rs 175 crore over a period of two years to set up over 1,000 cloud kitchens across 14 cities for its restaurant partners through its “Swiggy Access” initiative. The current coronavirus pandemic affected 10-20 percent drop in food delivery as a service from the second week of March, according to a RedSeer report. Track . New York based Global technology hedge fund Coatue Management is reportedly in discussion to pick up minority stake in the online food delivery startup Swiggy. SoftBank Likely To Invest Upto $500 Mn In Swiggy Soon. Jaimini exited Swiggy after a six-year-long stint to join Pesto Tech, a career accelerator. “Swiggy expects to be EBITDA positive by early 2021 for food delivery, but will continue to invest in other business in the near term,” said the report. “Swiggy expects to be EBITDA positive by early 2021 for food delivery, but will continue to invest in other business in the near term,” said the report. The Chinese internet giant is expected to contribute another US $50 million […] SoftBank may invest $300 million-$500 million in Swiggy This will be part of a larger funding round where Swiggy is looking to raise $1 billion from investors. Bengaluru-based foodtech unicorn Swiggy has raised $43 million funding as a part of its ongoing Series I investment round. The Indian food delivery startup Swiggy has raised $100 million in its latest round of funding. SoftBank Likely To Invest Upto $500 Mn In Swiggy Soon. People familiar with the matter are claiming that […] Swiggy is India's largest and highest-valued online food ordering and delivery platform founded in 2014. Swiggy, established in 2014 and ramping up an amount of $1500 million at a catalytic rate, along with an investment validation from Naspers, is what attracted SoftBank to invest in it. Days after backing educational startup Byju’s by leading a $540 million investment, it has led a $1 billion investment … News. EquityZen.com is a website operated by EquityZen Inc. ("EquityZen"). Investing in private companies may be considered highly speculative and involves a high degree of risk, including the risk of substantial loss of investment. Swiggy announces ESOP liquidity programme Under the programme, employees will be able to sell their shares to investors in the company New Delhi: Chinese internet giant Tencent Holdings Ltd has held talks with several investors to raise $500-700 million for online food-delivery platform Swiggy, the biggest cheque in India’s food-technology sector, reported the Economic Times citing people aware of the development.The fresh investment, if finalised by December, could value Swiggy at $2.5-3 billion. Swiggy General Information Description. Uber to invest Rs 1,415cr in Zomato-UberEats share-swap deal: Report. ... the the technology-focussed fund had invested about $100 million in food delivery startup Swiggy last year. These companies are in conversations for a month and will soon seal the deal. They aren’t earning and are rather losing you can say. 05 Jun'19 2 min read. Recently, Flipkart raised about $4 billion. The companies have reportedly been in talks for over […] Swiggy invests Rs 31 crore in ready-to-cook food start-up Fingerlix February 26, 2019 4:04 AM Fingerlix had raised $7 million from Accel Partners and Zephyr Peacock in Series-B funding in 2017. The companies are now in a period of exclusivity though no agreement has been signed yet. UberEats had been in talks with Swiggy earlier in 2019 for a share-swap deal, but the deal failed due to issues like tax implications, the report added. The startup was valued at $400 million at the time. Now it is stacking up the base with relevant services. February 19, 2020: Swiggy, India’s largest food delivery platform, has raised $113 million as a part of its Series I funding round.The latest round is led by existing investor Prosus N.V. and includes participation from Meituan Dianping and Wellington Management Company. In October, a report stated that Indian e-retail firm Flipkart has initiated acquisition talks with Swiggy. People have been thinking and thinking about the fact that when would Flipkart want to invest or merge with some firm. What Makes Swiggy So Vulnerable Yet An Exciting Bet Now? Developer of an online food delivery platform designed to bring food from neighborhood restaurants directly to users' doors. Food delivery startup Swiggy raises $1 billion more from Naspers, Tencent and others Jon Russell @jonrussell / 2 years Naspers, the South African investment giant, is back at it in India! By Prerna Lidhoo , Oct 26, 2018. The Swiggy Access initiative enables restaurant partners to expand to more locations both within their city and across new cities through cloud kitchens. Samsung Venture Investment Corp (SVIC), the investment arm of smart phone manufacturer Samsung Electronics, is in talks to invest $7-$10 million (about Rs 50-Rs72 crore) in Swiggy a well reputed food delivery company according to sources. Many reports related to Swiggy had flashed in recent times. With this funding, the valuation of the company continues to be $3.5 billion. Premium Brands Holdings Corporation is a publicly traded corporation on the Toronto Stock Exchange. Equity securities are offered through EquityZen Securities. It finally has decided to invest $50Min Swiggy, the foodtech. Apart from that, the foodtech unicorn has announced that it has set up a relief fund called 'Swiggy Hunger Savior Covid Relief fund', which will be used towards ensuring the safety and welfare of its delivery partners and their families. Two years ago, it started Swiggy Access, an effort where Swiggy would take up real estate on lease, refurbish it into small shared kitchens and sub-let it to restaurant chains. Naspers, the largest shareholder in Swiggy with a 23.3% stake, may see its holding increase to about 40% by investing over half the corpus through a mix of primary and secondary share purchases, sources said. ARK Impact and Tencent Holdings are the most recent investors. Si Team. Swiggy was founded by Sriharsha Majety, Nandan Reddy, and Rahul Jaiminiin in 2014 and is headquartered in Bangalore, Karnataka, India. Naspers, the South African investment giant, is back at it in India! Swiggy is based in Bangalore, India, and as of March 2019, was operating in 100 Indian cities. There’s been talk about Swiggy acquiring Ubereats for some time. Swiggy to lay off 1,100 employees as Covid-19 dries up restaurants’ revenues Swiggy’s decision comes close on the heels of its Gurugram-based rival Zomato asking over 500 of its employees to start looking for new jobs, as the restaurant industry stares at deep uncertainty in the aftermath of Covid19. The most popular eCommerce world of flipkart were planning to invest . Inc42 Staff. He held the lowest stake amongst all three co-founders of the firm with 19,690 equity shares on a fully diluted basis, valuing it at nearly Rs 465 crore ($62 million) per Swiggy’s latest equity funding round. The company's food delivery platform lists local restaurants and menu lists on an app for users to order from and track delivery of its delivery executives, enabling users to order food with speed and convenience. Naspers’ substantial investment in Swiggy, as well as its recent investment in BYJU’S leading a USD 540 million funding round, demonstrates the company’s commitment to India across multiple sectors. Swiggy was founded by Sriharsha Majety, Nandan Reddy, and Rahul Jaiminiin in 2014 and is headquartered in Bangalore, Karnataka, India. This is primarily because restaurants, main points of social gathering, have been shut. Flipkart, which has become India’s largest ecommerce startup, may reportedly invest in the Bengaluru based food delivery startup, Swiggy. How they cracked Swiggy SAIF Partners invested in Swiggy, when the foodtech unicorn had just a landing page. [Matrix Moments] What is the difference between a founder and a CEO. 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