Prosus Ventures reinvested in the food delivery app developer at a $5bn post-money valuation, pushing its overall funding past $2.4bn.

India-based food delivery service Swiggy has raised $800m from investors including Prosus Ventures, part of Prosus, the internet group spun off by media and e-commerce company Naspers, Times of India reported yesterday.

Falcon Edge, Goldman Sachs, Amansa Capital, Think Capital, Carmignac and Accel also participated in the round, which boosted the company’s post-money valuation to $5bn, according to a person familiar with the matter.

Swiggy runs an app where users can order food for delivery from local restaurants, and is…

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Robert Lavine

Robert Lavine is special features editor for Global Venturing.