SVF Holdings (Cayman) Ltd, a SoftBank entity, sold 12.7 million equity shares of Paytm between December 19, 2023 and January 24, according to a stock exchange filing by SoftBank.
Swiggy levies a platform fee of Rs 5 and may hike it to Rs 10 in the coming months as it looks to control costs as it gets ready to launch its initial public offering later this year
The company is talking to investors to raise around $100 million through a rights issue, which may value the startup at anywhere between $500 million to $1 billion.
The new fee, which will be charged from users, rolled in from January 1. In August last year, Zomato had put in Rs 2 platform fee in a bid to improve its margins. It increased it to Rs 3 before doing it again now.