date:Sep 25, 2018
and Wiseshelf.
Source: esmmagazine.com
India: Swiggy in talks to raise $700mln for new business
Swiggy, Indias largest food delivery service, is in talks to raise as much as $700mln from new investors such as Tencent Holdings Ltd and plans to use the fresh funds to enter new businesses and areas, especially in the hyperlocal delivery space, according to three people aware of the discussions. Swiggy, which raised funds earlier this year at a valuation of about $1.3bln, may see its valuation near