However, Alibaba’s financial services company Ant Financial became a stakeholder in Zomato in 2018 with an investment of $200 million. NHPC to commission 2,000 MW hydropower project on Subansiri by March 2022, PNB to hold roadshow for proposed Rs 7,000 crore QIP next week, Follow compliance norms to get tax benefits: CBIC chief tells traders, Govt proposes next meeting on December 9; seeks time from farmer unions for concrete proposal, Centre not doing enough to revive economy amid COVID-19 crisis: Amit Mitra, BJP would have won more than 100 seats if there was more time for campaign: Telangana BJP president, India has extraordinary history of bringing out successful vaccines: K VijayRaghavan, Jharkhand opts in, all states accept Centre's borrowing plan for GST shortfall, Religare case: High Court stays trial court direction to REL ex-CMD to surrender in two days, TRS may need support of others to win GHMC Mayoral election, Copyright © Hong Kong-based SAIF Partners was the first company along with US-based Accel to invest $2 million in its first institutional funding round in 2015. The data shared by business signals platform Paper.vc revealed that Saif Partners made the highest return of Rs 438 crore ($61 million) followed by Rs 401 crore ($56 million) earned by Norwest, $312.8 crore ($44 million) secured by Bessemer, and Rs 178.8 crore ($25 million) by Accel Partners by offloading parts of their stakes. New Delhi: Chinese internet giant Tencent Holdings Ltd has held talks with several investors to raise $500-700 million for online food-delivery platform Swiggy, the biggest cheque in India’s food-technology sector, reported the Economic Times citing people aware of the development.The fresh investment, if finalised by December, could value Swiggy at $2.5-3 billion. IN THE SPOTLIGHT . Meituan-Dianping, a Chinese food-to-flights startup, is quietly increasing its exposure to India. Online grocery delivery is one of the toughest markets to crack as it has low margins and high churn rates. If we talk about overall Chinese ownership, both Alibaba and SAIF Partners together own about 60% of Paytm. Accel Partners couldn’t be reached. Later in the same year, Ant Financial invested another $210 million. Founded by Sriharsha Majety, Nandan Reddy and Rahul Jaimini in 2014, Swiggy started its operations as a hyperlocal food delivery platform by partnering up with a few restaurants in Bengaluru. While taking a closer look, you realize that 18 out of 30 Indian startup unicorns are funded by China. order from your favorite restaurants & track on the go with swiggy. Tencent Holdings joined Naspers in a US$1 billion investment in Indian food delivery service Swiggy, which gains a potentially valuable ally in China’s largest social media and gaming company. However, its success came at a price as the founders had to give up equity to bring in new investors who could help them scale their business. You have entered an incorrect email address! This is the reason why a majority of Snapdeal’s orders come from tier 2 and tier 3 cities. Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Among the investors who have bought stakes in the company through these secondary transactions were Naspers, Tencent, Hillhouse, Coatur, DST, Wellington Management and China’s delivery platform Meituan Dianping. Read More. 2020The Indian Express [P] Ltd. All Rights Reserved. Founded by Deepinder Goyal and Pankaj Chaddah in 2008, Zomato started as a search and discovery platform for restaurants in the Delhi-NCR region as Foodiebay. Swiggy and Zomato are in talks with at least three new investors each to raise more capital, the people said. Swiggy competes with Zomato was reportedly valued at $3 billion following its recent $150 million fundraise from Alibaba’s fintech arm Ant Financial. India does not have global tech giants like Alibaba, Google, Microsoft, Tencent or Facebook that can invest millions of dollars that are required by Indian startups to grow. It has ventured into e-commerce with the launch of Paytm Mall in 2016, wealth management with Paytm Money and online gaming with Paytm First Games in 2018. However, Swiggy founders Sriharsha Majety, Nandan Reddy, and Rahul Jaimini made modest returns of Rs 7.1 crore each during FY19. SIGNALLING A clear investment shift in the food business, money pumped in by Private Equity (PE) and Venture Capital (VC) players in just two online platforms — Zomato and Swiggy — was merely $143 million less than what was invested in the country’s organised restaurant segment over the last five years. (Photographer: Dhiraj Singh/Bloomberg) Food ordering platform Swiggy on Monday announced a secondary liquidity programme for its employees who were part of the employee stock ownership plan (ESOP) of the company. 2,930 Number of Organizations • $73.3B Total Funding Amount • 8,019 Number of Investors.