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Naspers in advanced talks to pick up stake in Swiggy

Naspers in advanced talks to pick up stake in Swiggy

Friday, April 14, 2017, 8:50 AM

South African Internet and media conglomerate Naspers is in advanced talks to pick up stake in food delivery startup Swiggy, in a deal which will give Swiggy a valuation of close to $400 million. Naspers, which has backed companies like online-retailer Flipkart and owns about a third of travel portal MakeMyTrip, is expected to invest $50-60 million as a part of the funding round.
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