New Delhi (CNN Business) Tencent is making yet another big bet on India's fast-growing tech industry.

The Chinese company was one of several investors that just contributed to a $1 billion round of funding for Indian food delivery app Swiggy.

Nearly 70% of the new investment came from Tencent's biggest shareholder, South Africa's Naspers. Tencent ( TCEHY ) did not reveal the size of its own investment.

The deal values Swiggy at $3.3 billion, according to Indian media reports , up from $1 billion at the end of June 2018. A spokeswoman for the company declined to comment on its valuation.

Naspers, which owns 31% of Tencent, first invested in Swiggy in 2017 and has led multiple rounds of funding into the startup since then.

The South African conglomerate, which started in 1915 as a small publishing house , has built a web of tech investments across 120 countries in some of the world's best-known startups.

Its other investments in India include online classifieds business OLX, travel website MakeMyTrip and education platform BYJU's, into which it led a $540 million funding round earlier this week.

Naspers also got $1.6 billion from Walmart's ( WMT blockbuster takeover of India's top e-commerce company, Flipkart, selling its 11% stake to the Arkansas-based retailer.

Tencent is no stranger to India's tech scene either, with its own stake in Flipkart as well as an investment in the country's biggest ride-hailing firm Ola.