The food ordering platform has reportedly drawn up a term sheet for a $900m primary and secondary round led by Naspers and backed by Tencent.
Media and e-commerce group Naspers is set to lead a $900m funding round for India-based online food delivery service Swiggy, TechCircle reported today, citing two people directly privy to the transaction.
The company is finalising a term sheet for the prospective round, which one source told TechCircle will likely value it at $2.5bn. It will consist of about $600m in primary funding and $300m in secondary share purchases, and include internet group Tencent.
Swiggy runs an online platform enabling users…
