raw delhi prosus ventures recently known naspers ventures one biggest investors india digital commercialise billion empower till invested exited companies like online retailer flipkart online travel agency makemytrip one major bets recent clock time online food delivery weapons platform led last triad financing unit of ammunition swiggy investing one thousand thousand stake lead another round taking investment much billion making swiggy largest investment india caught larry illg san chief operating officer prosus ventures sidelines swiggy technology event gigabytes illg declined comment swiggy next round verbalise prosus cardplaying big food delivery crosswise world romance america europe middle east india look roughly world consumer retention cohorts repeat purchases best transactional sphere online better right retail way better travel said also speak backing environment entry amazon food delivery means edited excerption look startup financing environment last month commercialise like india fairly spumy record capital flows seen changes founders rating expectations burning rates reading basically world awash capital investors chasing yield investors tend focus certain stage gets crowded run move other series series b focused pecuniary resource sudden start creep seed investing public market investors including hedge funds private equity as well finger sweet spot crowded countenance take little risk chasing least healthy companies one whose rootage financing investors would call tourists could hedge fund private equity investing growth stage playing momentum growth find sweet smear market contracts challenging growth stage company counting investors stay play momentum game think trap get along founders chasing headline valuation number versus building company long term seeing people exertion telling portfolio companies especially high burn tell on given competition market years sometime benefit subject whims market think like economists accountants traders core business rotten get away hot market try identify solid core sort work volatility revere always faced contender overfunded becomes race bottom finish product tech consumer experience happens mess india sudden go race discount focused better us got game want revolutionise industries get distortion short term frankly comfortable tieback best companies emerge encourage companies like swiggy call up twelvemonth even goes back investment best known tencent typical venture investor would go around ipo bulk returns come since ipo ballpark return initial public offering return since swiggy competitor zomato expanded cities india given naspers investor flipkart comfortably kind difference opportunity see us food delivery less advanced us lot markets one things love space developing populace teaching west food delivery talk terms city expanding upon towns wrong circumstance need actually demote bangalore many reality future neighbourhood developed bangalore probably croak perform unsound city launch swiggy minimum efficient scale need universe see intellectual nourishment obstetrical delivery people trying get time spine start earning western markets people spend time food preparation sourcing preparing eating developing markets similar doctrine of analogy draw years ago would sitting clothes puddle know many people make clothes anymore unless hobby thing going happen food going sort affluent urban thing food delivery started friday saturday night luxury product technology innovation really comes play making accessible rural consumers people earn less money market opportunity reach segment population geographies