India:
DST, Naspers And Coatue Lead Investment In Swiggy
15 August 2018
Nishith Desai Associates
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DST Global, Naspers and Coatue Management, leading
technology investors in the world, along with others have invested
a total of USD 210 million (INR 1400 crores approx.) in a Bengaluru
based company that operates 'Swiggy', an online platform
("Company") for ordering and delivering
food from restaurants. This is Naspers' third investment into
the company. The additional funding will be utilized by Swiggy to
expand its operations in India.
Press coverage relating to the transaction is available here, here and here.
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