Tencent and Its Major Shareholders Is Said to Have Invested in Indian Food Delivery Company
by Hayden 2018-11-30
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Tencent shareholder Naspers plans to increase its stake in Indian online food delivery company Swiggy as the startup recently plans a third round of funding this year, Bloomberg reported, citing people familiar with the matter. The person familiar with the matter said the financing amount could be as much as $600m, the largest to date for Swiggy. Tencent also plans to participate in the financing round, one of them said. Naspers declined to comment. Swiggy, Tencent and Bessemer also did not immediately respond to requests for comment.