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Amazon pays $1 2 billion as legal fees in India to remain operational
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Amazon pays $1 2 bn as legal fees in India to remain operational
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5th of Amazon revenue paid as legal fees, some as bribe to Indian officials
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Swiggy to close $800 mn funding round; valuation rises to $5 billion
The deal will leapfrog Swiggy s valuation to around $5 billion from its previous valuation of $3.6 billion in 2020
BusinessToday.In | April 6, 2021 | Updated 10:07 IST
The new capital will help Swiggy speed up growth in its existing businesses and also help it seed new ones
Food delivery app Swiggy is in the process of closing an $800 million funding round with investors comprising Goldman Sachs and Falcon Edge Capital, Co-founder and Chief Executive Officer Sriharsha Majety said in an emailed letter to employees.
The deal will leapfrog the food tech startup s valuation to around $5 billion from its previous valuation of $3.6 billion in 2020.