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.
If this deal does go through, it’ll be a very interesting