Swiggy gets $113 mn fund from Naspers, Meituan and Wellington Management
By MYBRANDBOOK
Swiggy, the food delivery company in its Series I has raised Rs 805 crore ($113.3 million). South African multinational Internet Group Naspers alone invested Rs 712 crore ($100 million). Existing investors Hadley Harbour Master Investments and Meituan have also participated in the round.
As per the regulatory filings, the company has allotted 30,170 shares to MIH India Food (owned by Naspers), Hadley Harbour has picked up 302 shares worth Rs 7.13 crore and Meituan-controlled Inspired Elite Investments has 3,606 shares.
Post this round, Naspers holds about 40.56% ownership in the company while Meituan has close to 6.35% equity in the Bengaluru-based company. Wellington Management commands a little over 1% stake.
It’s worth noting that this is a significant infusion in the company after its $1 billion worth Series H round in December 2018. The Series I round seems to be an ongoing round and the company is likely to raise more capital.
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