Prosus and Meituan Dianping both participated in the series I round, which valued Swiggy at $3.6bn but remains short of the $1bn the company had originally hoped to raise.
Prosus Ventures, a subsidiary of internet group Naspers’ consumer internet vehicle Prosus, led a $113m series I round for India-based food delivery service Swiggy yesterday.
Local services portal Meituan Dianping also participated in the round, as did investment management firm Wellington Management Company. Prosus supplied $100m according to the Economic Times, and the round valued Swiggy at approximately $3.6bn.
Sources told ET the transaction formed part of a round expected to close at $150m, significantly below the $1bn target Swiggy…
