Swiggy raises $43m in Series I round, funds likely to be used to expand new business; company's valuation goes past $3.65 bn
The latest fund-raising comes about 45 days after Swiggy raised $113 million led by South African internet giant Naspers, along with Hadley Harbour Master Investments and Meituan Dianping.
The new funds will allow Mesho to expand further outside India’s major metropolitan regions.
Meesho raises $125 mn in Naspers-led funding; investment to strengthen company's aim to grow women entrepreneurs
In June, Facebook had announced picking up a minority stake in Meesho, a startup that helps entrepreneurs set up online businesses via social channels.
Anirban brings to PayU two decades of experience in global payments, credit, and digital banking gained in the US, India, and broader Asia-Pacific region.
Flipkart-Walmart deal: Sachin Bansal pays Rs 699 cr advance tax for Q1 FY19; Binny Bansal yet to disclose capital gains
In May, Bentonville, Arkansas-based Walmart Inc acquired 77 percent stake in Flipkart for about $16 billion in its biggest acquisition till date.
Naspers said in a statement it had invested $660 million in Swiggy during this latest round
Swiggy raises $1 billion in Naspers-led funding; investment lifts food delivery firm's value to over $3 billion
Swiggy will use the funds to hire and strengthen its technology backbone, the company said.
Naspers, Canada pension plan invest $540 mn in online education startup Byju's; funding to drive innovation
In June this year, Byju's had said it has crossed Rs 100 crore in monthly revenue and had revised its revenue targets for this year to Rs 1,400 crore.
BYJU'S to close $400 million funding round led by Naspers, company to be valued at about $3.6 billion
In June this year, BYJU'S had said it has crossed Rs 100 crore in monthly revenue and had revised its revenue targets for this year to Rs 1,400 crore.
Walmart-Flipkart deal: Income Tax Department issues notices to Sachin and Binny Bansal on capital gains
The deal, wherein co-founder Sachin Bansal and Japan's Softbank Corp Group exited, valued Flipkart at $20.8 billion.
Ola in talks with Naspers for fresh funding; cab-hailing major may see its valuation go up to $7-8 billion
Ola is also in talks with Singapore's Temasek Holdings Pvt. Ltd and two other funds to raise $1 billion capital
Walmart paid Rs 7,439 cr tax on Flipkart deal; did not deduct taxes from 34 shareholders, say officials
In case of the Walmart-Flipkart deal, the withholding tax pertains to the capital gains made by the shareholders of Flipkart.
The latest investment, if finalised, will value Swiggy at $2.5-3 billion and will mark the online foods delivery platform's third fundraise this year
Walmart-Flipkart deal: Income Tax Department asks US retail giant to pay tax arising out of acquisition by 7 September
Following the CCI nod to the Walmart-Flipkart deal, the I-T department expects Walmart to approach it under Section 197 of the Income Tax Act.
TBO group has a revenue of $1 billion and employs 650 people of 26 nationalities, including 200 in research and development
Walmart-Flipkart deal: US retail giant tells I-T department it will fulfil all tax obligations on proposed $16 billion buyout
In May, the I-T department had written to Walmart, saying that the US company can seek guidance about the tax liability under Section 195 (2) of the I-T Act
SoftBank confirms selling 'entire stake' of over 20% in Flipkart to Walmart, to rake in around $4 bn from sale
While SoftBank is now exiting Flipkart, it continues to be a significant investor in Flipkart's rival Paytm Mall. Reports suggest after the closure of the Flipkart deal, SoftBank could look at pumping in funds into Paytm Mall.
Walmart's 77% acquisition impact: Flipkart investors eBay, Naspers sell their stake; eBay to relaunch India operations
US-based eBay on Wednesday said it plans to sell its stake in Flipkart for about $ 1.1 billion, and will relaunch eBay India focusing initially on cross border trade opportunity.
SoftBank Group's deal-making frenzy will see Japanese investor overachieve $10 billion India investment target soon
Japanese's SoftBank is reportedly set to overachieve on its 2014 commitment to invest $10 billion in 10 years in India’s IT and communications space
Ola to invest $200 mn in Foodpanda after buyout; company returns to food delivery to take on UberEATS
The deal marks Ola’s return to the food delivery business, which it exited in 2016,