Aya Lin · · 1 min readIn brief: Swiggy in talks with Korean firms for potential $500m round, sources say
- India-based food ordering app Swiggy is in talks with Korean funds such as Korea Investment Partners, Mirae Asset Management, STIC Investments, and Neoplux for a potential US$500 million round, The Economic Times reported, citing two people familiar with the development.
- The round is reportedly led by South African internet giant Naspers, Swiggy’s largest investor, which owns an almost 40% stake in the company.
- There is also a secondary share sale being worked out, which could value Swiggy at around US$4 billion.
Editing by Charmaine de Lazo
(And yes, we’re serious about ethics and transparency. More information here.)
Stay updated on the go with our mobile app.
Get latest insights with smoother, more personalized experience through TIA mobile app.
