Private Equity Liquidity Events
China’s Meituan sells $200-M worth stake in food delivery unicorn Swiggy
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Chinese e-commerce platform Meituan has sold a part of its stake in IPO bound food delivery unicorn Swiggy for over USD 200 million. The stake was acquired by a US-based investor in a secondary deal. Touchstone Partners advised the deal.Founded in 2010, Meituan operates a diversified digital platform in China, covering services like food delivery, hotel booking, and ride-hailing.