Swiggy in talks to raise up to $700mn led by China's Tencent
Food delivery app Swiggy is reportedly in talks to raise $500-700 million in funding, a significant portion of which will be invested by China's Tencent Holdings. The investment could value Swiggy at $2.5 billion to $3 billion. Earlier in August, it was reported that Swiggy was in talks with new and existing investors to raise up to $500 million.