.
MergerLinks Header Logo

New Deal


Announced

Completed

Prosus and Meituan led a $156m Series I round in Swiggy.

Financials

Edit Data
Transaction Value£141m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales19.6x
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

Minority

Completed

Acquisition

Single Bidder

Private Equity

Friendly

Private

Cross Border

Consumer Services: Other

food delivery platform

India

Venture Capital

Synopsis

Edit

Food delivery companies Prosus and Meituan led a $156m Series I round in Swiggy, a food delivery startup. Additional investors include Wellington Management, Tencent Holdings, Samsung Ventures, Mirae Asset Capital, Korea Investment Partners, and ARK Impact. “Over the last couple of years at Swiggy we have made strong strides in our vision of delivering unparalleled convenience to urban consumers, and in building a fundamentally strong and enduring business while keeping the consumer at the core. We have become synonymous with exceptional customer experience and created multiple growth avenues for our partners while continuing to invest in new lines of business,” Sriharsha Majety, Swiggy CEO.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US