Naspers Ltd plans to increase its stake in Swiggy, to invest $2 billion

Swiggy's value has risen to more than $2 billion after Cape Town-based Naspers led two previous funding rounds to become the firm's biggest shareholder

Naspers Ltd. is planning to increase its stake in Indian online food-delivery business Swiggy as the startup plots its third fund-raising round of the year, according to people familiar with the matter.

Africa’s largest company by market value has indicated that it intends to support a financing that could raise more than $600 million, Swiggy’s biggest to date, according to the people. There’s also an opportunity to buy stakes from investors such as Bessemer Venture Partners, they said, asking not to be identified as the information isn’t public.

Tencent Holdings Ltd., the Chinese internet giant in which Naspers owns a