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, Axis Growth, Sixteenth Street Capital, Ghisallo, Segantii Capital, Alpha Wave Global, Qatar Investment Authority and Ark Impact.

Prosus and India Infoline were represented by Prosus…

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Edison Fu

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