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…

Robert Lavine

Robert Lavine is special features editor for Global Venturing.