swiggy investors china

Swiggy General Information Description. The company’s late-stage investor Inspired Elite, which is wholly-owned by Meituan Dianping has a 6.26% stake, valued at Rs 1,459.16 crore ($194.55 million). A food delivery rider for Swiggy, operated by Bundl Technologies Pvt., sits on a motorcycle in Mumbai, India, on Monday, Feb. 3, 2020. Developer of an online food delivery platform designed to bring food from neighborhood restaurants directly to users' doors. In the upcoming investment, Swiggy’s early investors could sell some of their shares in the company. All three of the investors mentioned above have not participated in any equity funding round after Series E. Israeli-Russian billionaire Yuri Milner’s personal investment vehicle Apoletto Asia controls 1.57% while DST Global, with a 6.17% equity in Swiggy has its shares valued at Rs 1,438.5 crore ($192 million). The Chinese company was one of several investors that just contributed to a $1 billion round of funding for Indian food delivery app Swiggy. For all the latest Business News, download Indian Express App. Fosun's investments include logistics firm Delhivery, payments startup Dot and social vernacular platform Headfone. Earlier this year, Swiggy raised $113 million from investors including China’s Meituan Dianping. Swiggy says its revenue has increased 500 per cent in the last financial year and its order volumes have nearly double since its previous funding in May 2017. Early backers such as Accel India, SAIF Partners and Norwest Venture Partners hold 7.6%, 6.86% and 5.94% equity respectively in the Bengaluru-based firm. Foodtech major Swiggy has added $43 million more in its ongoing Series I round led by Chinese tech giant Tencent. In April 2020, Swiggy received around $43 million funding which valued the company at $3.6 … It has backed unicorns like Flipkart, Swiggy and Ola. Click edit button to change this text. Swiggy designs an on-demand food delivery platform that brings food from neighborhood restaurants directly to users' doors. The deal is the largest investment in a food delivery company outside of China, and it means Swiggy is one of the few in the billion-dollar-round club. He has been writing about startups and digital economy for nine years. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo. He held the lowest stake amongst all three co-founders of the firm with 19,690 equity shares on a fully diluted basis, valuing it at nearly Rs 465 crore ($62 million) per Swiggy’s latest equity funding round. Click here to join our channel (@indianexpress) and stay updated with the latest headlines. Jai Vardhan is co-founder and CEO at Entrackr. Founded by Sriharsha Majety, Nandan Reddy and Rahul Jaimini in 2014, … Jaimini exited Swiggy after a six-year-long stint to join Pesto Tech, a career accelerator. The Indian food delivery startup Swiggy has raised $100 million in its latest round of funding. Explained: Is there a grey area in cricket's concussion substitute rule? Hillhouse Capital Group was founded in 2005 and is based in Beijing, China. Chinese investors, such as Alibaba, Tencent, and Xiaomi, are active in the Indian start-up space, and have collectively invested billions of dollars. For Swiggy, which counts Meituan Dianping as an investor, other business lines like concierge and grocery delivery services are … Entrackr had exclusively reported the secondary transaction in January. Those firms include 70 listed companies and over 160 are valued at more than $1 billion, according a speech made by Tencent President … Fintrackr’s calculation shows that the South African conglomerate’s shares amount to Rs 9320.5 crore ($1.24 billion) after the latest Series I round. It currently … Covid halts therapy sessions, children with disabilities struggle to cope up, Tripura: One arrested for allegedly murdering fireman during Bru resettlement protest, Bio-bubble takes its toll: Tom Banton pulls out of BBL 2020-21, Cyberpunk 2077: Everything you need to know before December 9 launch, Explained: The significance of lions being spotted in Gujarat’s Jasdan area, Maharashtra minister fires warning to allies after Pawar’s ‘consistency’ remark on Rahul Gandhi, MP schools for Classes 1 to 8 to remain shut till March 31: CM, UK MPs seek ministerial intervention in farmer protests in India, Diljit Dosanjh joins farmers’ protest at Delhi’s Singhu border: ‘You have created new history’, Ramnath Goenka Excellence in Journalism Awards, Statutory provisions on reporting (sexual offenses), This website follows the DNPA’s code of conduct. According to a TechCrunch report, the valuation of Swiggy is a staggering US$3.6 billion. As part of its long-term strategy of solving for existing supply gaps in the marketplace, Swiggy will also make investments in its new supply business line,” the company said. Online food delivery platform Swiggy has raised $100 million (approx Rs 642 crore) in series F funding, led by global internet group and technology investor Naspers and China’s e-commerce platform Meituan-Dianping. However, a massive drop in the volumes in the aftermath of Covid-19 pandemic induced-lockdown and entry of Amazon in food delivery space earlier rattled the Chinese investors … New Delhi: The investors in food delivery platforms Swiggy and Zomato have proposed the idea of a merger between the two as losses had continued to mount even before Covid-19 pain set in, ET Now has learnt. China’s love for Indian startups can be gauged by the increased investments which rose from a mere $459 million in 2016 to around $3.9 billion in 2019. National Crush of India 2020 Rashmika Mandanna does this agility exercise with ease; can you? Meituan-Dianping is a new investor in Swiggy. The report claimed that those targeted also include venture capitalists, angel investors, founders and chief technology officers of the country’s promising startups and e-commerce platforms, and foreigner investors … Online food delivery platform Swiggy has raised $100 million (approx Rs 642 crore) in series F funding, led by global internet group and technology investor Naspers and China’s e-commerce platform Meituan-Dianping. Chinese investors have pumped in an estimated $4 billion into India’s tech startups which includes bets on 18 out of the country’s 30 unicorns. Lorem ipsum dolor sit amet, consectetur adipiscing elit. The round, which keeps Swiggy’s valuation at over $1 billion, saw investments secured from China’s Tencent, Hillhouse Capital, and Wellington Management too. Five Instagram features you need to try out today, Mark Taylor warns against abuse of concussion substitute rule, Apple offering free display replacement to select iPhone 11 users: How to check eligibility, Internet takes on Rudy Giuliani again after video of him 'farting' goes viral, Watch: Jet skiers rescue trapped dolphin from fishing net in Florida. CAIT Seeks Probe Into Chinese Investors Of Zomato, Paytm, BYJU’S, Swiggy Among 141 Indian Startups. Can you guess the time in CIA's photo challenge? Swiggy was founded in 2014 and has its corporate headquarters in Bengaluru, India. Bengaluru-based food delivery major Swiggy has raised INR 264 Cr in its Series I funding round led by Chinese internet giant Tencent. Rahul Jaimini, one of the co-founders of Swiggy who hung his boot at the foodtech major earlier this month, holds a 2% stake in the company according to regulatory filings. The single largest Chinese investment in India is the $1.1 billion acquisition of Gland Pharma by Fosun in 2018. Accel’s stake is valued at about Rs Rs 1,771.2 crore ($236 million) while SAIF’s shares amounted to Rs 1,600 crore ($213.23 million). Chineses internet giant Tencent also holds a 5.89% stake in the company through its Netherlands-based subsidiary Tencent Cloud Europe B.V, which was valued at $184 million after an infusion of the last tranche in the company. Meituan-Dianping is a new investor in Swiggy. China's Tencent Holdings in talks with global firms to invest in food delivery platform Swiggy The latest investment, if finalised, will value Swiggy at $2.5-3 billion and will mark the online foods delivery platform's third … Other investors in the company include Accel India, SAIF Partners India, Bessemer Venture Partners, Harmony Partners and Norwest Venture Partners. Our team members are sector experts in consumer, Internet, media, and healthcare. It’s worth noting that SAIF, Accel, Norwest, RB Investments, Harmony Capital and Bessemer Venture Partners had collectively raked in $222 million (Rs 1579.2 crore) as their shares were transferred to late-stage investors Naspers, Inspired Elite Investments, DST Euro Asia and Coatue PE Asia. Food delivery startup Swiggy has just raised $1 billion in its series H funding from the existing as well as new investors. Menlo Park-based hedge fund Coatue PE owns 3.6% and Hadley Harbor has 2.95% ownership in the Majety-led firm. Swiggy. In China, Tencent runs an instant messaging platform WeChat, which is an equivalent of WhatsApp, and a host of gaming apps and ecommerce businesses. Connect with him at [email protected], Entrackr is a new age media platform for entrepreneurs, startups and technology enthusiast Read More >. Swiggy’s valuation has been largely flat from its previous $1 billion round in December 2018, which, too, was led by Naspers, along with China’s Tencent, Hillhouse Capital, and Wellington Management. Other investors like Meituan Dianping from China and Wellington Management Company from the U.S participated in this funding round. (Photographer: Dhiraj Singh/Bloomberg) Food ordering platform Swiggy on Monday announced a secondary liquidity programme for its employees who were part of the employee … The company's food delivery platform lists local restaurants and menu lists on an app for users to order from and track delivery of its delivery executives, enabling users to order food with speed … Independent, proprietary research lies at the heart of our investment process. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.Click edit button to change this text. In the last five rounds of funding, Swiggy had raised $155.5 million. New investors Ark Impact, Korea Investment Partners, Samsung Ventures and Mirae Asset Capital Markets have also participated in the round. A host of prominent Indian startups including online grocer BigBasket, e-tailer Snapdeal and food delivery firm Swiggy have raised money from Chinese investors. 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With this new funding, Swiggy said it will strengthen its market leadership position by introducing a host of unique and advanced products and services. All three of the investors mentioned above have not participated in any equity funding round after Series E. Israeli-Russian billionaire Yuri Milner’s personal investment vehicle Apoletto Asia controls 1.57% while  DST Global, with a 6.17% equity in Swiggy has its shares valued at Rs 1,438.5 crore ($192 million). india china border dispute New India under China's watch: 1400 companies including Paytm, Zomato, Swiggy monitored. His ownership is valued at Rs 583 crore ($77.73 million). In February 2019, Swiggy acquired Bengaluru-based AI startup Kint.io. Majety, the chief executive and face of the company, holds 54,690 equity shares valued at Rs 1291.4 crore ($172.2 million), per the calculation based on the filings. The company's platform lists local restaurants and menu lists on an app for users to order from and track delivery of its delivery executives, enabling users to … Ever since the coronavirus pandemic, which originated in Wuhan in China, gripped the world, there is a major global movement to ban China-made products and services. The third co-founder, Nandan Reddy, commands a 2.5% stake consisting of 24,690 equity shares of the company. 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