Prosus Ventures and Smile Group were among the investors in the online food delivery service’s latest round, closed at a $10.7bn valuation.

India-based food ordering service Swiggy has secured $700m in a series K round featuring internet groups Prosus and Smile Group, TechCrunch reported yesterday, as the country’s on-demand delivery space continues to expand. Investment firm Invesco led the round, participating alongside financial services firms India Infoline and Kotak as well as Baron Capital Group, Sumeru Venture,…

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Edison Fu

Edison Fu is a reporter and Asia liaison at Global Corporate Venturing.