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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The two-horse race in Indian food tech is set to take a curious turn with the fund’s purported interest in Swiggy.
Late last week, news appeared that SoftBank is looking at investing in Swiggy.
SoftBank’s Vision Fund is finalising a $450 million investment in food delivery app Swiggy after having delayed the wager while it evaluated the sector for a few years, people familiar with the development told ET. The deal is likely to peg Swiggy’s valuation at $5 billion prior to investment. It is an extension of the $400 million round that company co-founder & chief executive Sriharsha Majety announced in an internal email earlier this month, sources said.
From ETtech Scoop: Swiggy set to raise $450 million from SoftBank• …
The contrasting approaches are driven by two very different strategies. One wants to capture more markets; the other is focused on discipline and profits.
The arrest and charges against an employee of the artificial intelligence company, fewer early-stage VC deals, and other updates.
India’s grocery and food delivery platforms are increasingly displaying misleading images of food using artificial intelligence, defeating the very purpose of buying online.
