DST Global, a major global venture fund managed by Russian billionaire Yuri Milner, led a $210 million round for the Indian food delivery startup Swiggy, TechCrunch has reported.
Another leading investor was the startup’s earlier backer Naspers. The round brought the company to a $1.3 billion valuation.
According to CrunchBase, Swiggy has raised to date $465.5 million in total.
Milner personally took part in several earlier rounds of investment in the startup, including his participation in a $16.8 million round in 2015 and a $35 million round in 2016.
In 2014, the fund led a $210 million investment round in leading Indian online retailer Flipkart. In 2015, it led a $400 million round and a $500 million round for another Indian startup, Ola, a mobile app for cab booking, says CrunchBase.
Source: TechCrunch, CrunchBase (1, 2), Firrma.ru, Times of India
