 "Swiggy")
Naspers Ltd. is in talks to lead an investment of as much as 2.5 billion rand ($200 million) in India’s Swiggy to increase its stake in the online food-delivery company, according to two people familiar with the matter.
Africa’s biggest company by market value plans to team up with China’s Tencent Holdings Ltd. to put together the new financing round, said the people, who asked not to be named as the information isn’t public. Naspers owns 33 per cent of Tencent, which drives profit growth at the Cape Town-based technology and media company.
The talks come after Larry Illg, the
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