A courier of Swiggy, a food ordering and delivery service operated by Bundl Technologies Pvt., holds take-out food from a Burger King restaurant, operated by Burger King Worldwide Inc. and the Everstone Group, in Mumbai, India, on Monday, March 26, 2018. A pickup in the economy and growing demand from the planet's largest youth population are boosting fast-food sales in India. Photographer: Dhiraj Singh/Bloomberg
Indian startup Swiggy has raised US$210mil (RM842.83mil) in a round led by South Africa’s Naspers Ltd and investment house DST Global, setting a stage for a battle between well-funded players in the sizzling food-delivery sector.
The financing values the four-year-old startup at well over US$1bil (RM4bil), according to people familiar with the deal. That makes Swiggy the second unicorn to emerge from the segment, said the people, who asked not to be identified discussing private details, after New Delhi-based Zomato.
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