Indian food delivery startup today announced a $1 billion funding round led by South African ecommerce and investment firm Naspers. This is the firm’s latest bet on the booming tech market in world’s second most populous nation.

Swiggy, which serves food from 50,000 restaurants and has a fleet of 120,000 delivery people in India, will receive $660 million from Naspers, with the rest of the capital for the Series H round coming from Tencent, Hillhouse Capital,

Read More At Article Source | Article Attribution