What will Swiggy do with $1 billion? A Chinese firm may have the answer

To understand what Swiggy is trying to do, it is important to take cues from one of its investors from China, Meituan Dianping

It required nerve. In July 2018, Swiggy knocked back Google's term sheet, which offered the food tech company almost $250 million in exchange for equity and some data. 

Just a month before the offer was refused, Swiggy had turned unicorn. It had incoming interest from Tencent and aimed to close a round of $750 million to $1 billion soon. If it had accepted Google's offer, the Bengaluru-based food tech company would have had its moment in the sun sooner. But it said no. Four months later, Swiggy announced that it had raised $1 billion. Now, reports of Zomato raising $800