<article>Bessemer Ventures is looking to invest $12 million in food delivery startup Swiggy while fintech firm Rubique is looking to raise $10-15 million.</article>

Bessemer Ventures is looking to invest $12 million in food delivery startup Swiggy while fintech firm Rubique is looking to raise $10-15 million.
<h3>Bessemer Ventures in talks to invest $12m in Swiggy</h3>
US-based venture capital firm <a style="color: #000080;" href="http://dealstreetasia.com/tag/bessemer-venture">Bessemer Venture Partners</a> is in advanced talks to invest around $12million in food-delivery company <a style="color: #000080;" href="http://dealstreetasia.com/tag/swiggy">Swiggy</a>, according to <a style="color: #000080;" href="http://economictimes.indiatimes.com/small-biz/money/us-based-bessemer-venture-partners-to-invest-rs-80-crore-in-food-delivery-company-swiggy/articleshow/52860006.cms">a report</a> in The Economic Times quoting sources. If the deal goes through, it will value the company at around $200 million.
Last month, it was reported that Swiggy has raised an additional $7 million from existing investors Norwest Venture Partners, DST Global and Accel Partners, valuing the company at $130 million. In January, the Bangalore-based company had raised $30 million in Series C round of funding from New York-based Harmony Partners and Singapore-based RB investments,
The money will help Swiggy compete strongly with restaurant listing company Zomato, which entered the food delivery business last year, as well as the Sequoia Capital-backed Roadrunnr-TinyOwl combine and Rocket Internet portfolio company Foodpanda.
<h3>Fintech startup Rubique to raise around $15m</h3>
Online loan facilitator<a style="color: #000080;" href="http://dealstreetasia.com/tag/rubique"> Rubique</a> is in the process of raising $10-15 million in the second round of funding, said <a style="color: #000080;" href="http://epaperbeta.timesofindia.com/Article.aspx?eid=31818&amp;articlexml=Online-Loan-Facilitator-Rubique-to-Raise-up-to-22062016011021">a report</a> in The Economic Times.
The Mumbai-based company plans to use the amount it raises to strengthen its technology, distribution and promotion to reach out to a larger base of customers, said Rubique founder Manavjeet Singh.
The company currently has presence in Mumbai, Delhi, Kolkata, Bengaluru, Pune and Hyderabad and plans to expand to Ahmedabad, Chennai, Jaipur and Chandigarh.
The exiting investors in the company include Kalaari Capital, YourNest Angel Fund, Globvestor and Dexter Angel Circle. It had received $3 million in its first round of funding last year.
Also Read:
<a style="color: #ff0000;" href="http://www.dealstreetasia.com/stories/india-swiggy-raises-additional-7m-from-existing-investors-at-130m-valuation-40226/">India: Swiggy raises additional $7m from existing investors at $130m valuation</a>
<a style="color: #ff0000;" href="http://www.dealstreetasia.com/stories/exclusive-2-40004/">Exclusive: Indian online jeweller BlueStone in process of raising $30-40m</a>
<a style="color: #ff0000;" href="http://www.dealstreetasia.com/stories/40877-40877/">Exclusive: BookMyShow in talks to raise around $75m, round likely to close in next few weeks</a>
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While Bessemer Ventures is looking to invest $12 million in food delivery startup Swiggy, fintech firm Rubique is looking to raise $10-15 million.

India Digest: Bessemer may invest $12m in Swiggy; Rubique to raise $15m

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India Digest: Bessemer may invest $12m in Swiggy; Rubique to raise $15m

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