The round reportedly valued the online food ordering platform at $3.3bn and was led by $660m from Naspers, while Meituan Dianping and Tencent also invested.

E-commerce and media group Naspers invested $660m in India-based online food delivery platform Swiggy today to lead its $1bn series H round.

Local services platform Meituan Dianping and internet group Tencent also took part in the round, along with DST Global, Coatue Management, Hillhouse Capital and Wellington Management.

The round valued Swiggy at $3.3bn, sources familiar with the development told the Economic Times, though the company has not confirmed earlier reports suggesting that some $300m of the cash would…

Robert Lavine

Robert Lavine is special features editor for Global Venturing.