Prosus in talks to invest ₹150 crore in BazaarNow

Prosus, Swiggy's largest shareholder, is reportedly in talks to invest about ₹150 crore in grocery delivery startup BazaarNow, founded by former Zepto executives. The deal could value the company at nearly ₹900 crore; BazaarNow raised ₹72 crore from Peak XV Partners in June.

• Prosus may invest ₹150 crore in BazaarNow at a valuation near ₹900 crore
• BazaarNow was founded by ex-Zepto executives and targets Tier-2 and Tier-3 cities
• The startup raised ₹72 crore from Peak XV Partners in June
• Prosus is Swiggy's largest shareholder, and Instamart competes with BazaarNow