Tencent’s new investment points to its positive outlook on the Indian food delivery industry
The promising emergent market, India, is adored by investors all around the world, even from its competitive peer, known as China. Recently, Tencent joined Naspers Ltd. in a $1 billion funding in Indian food delivery service Swiggy, though the size of the investment was not revealed. This is not Tencent’s first deal made in India. Its financial aid covers a wide breadth of industries from e-commerce to car-hailing services, which demonstrates a strong belief in the Indian internet future’s potential.