Flipkart is reportedly about to provide $50m for Naspers-backed food delivery platform Swiggy, while Tencent could make a similar investment.
E-commerce firm Flipkart is set to invest $50m in Swiggy, an India-based online food ordering service, three sources with knowledge of the deal told The Ken yesterday.
Internet company Tencent is interested in supplying a further $50m in funding which would double the round’s size to $100m, according to the sources, though none of the companies involved have confirmed the story.
Swiggy provides a food delivery service that spans the Indian cities of Bangalore, Delhi, Gurgaon, Chennai, Hyderabad, Kolkata, Mumbai…
