PharmEasy opens up quicker public listing options with its acquisition of Thyrocare businessinsider.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businessinsider.in Daily Mail and Mail on Sunday newspapers.
SoftBank Vision Fund 2 is expected to invest $450 million in Swiggy in a deal that will mark the Masayoshi Son-led SoftBank Group Corp.’s first direct bet in the foodtech sector in India.
SoftBank in talks to invest up to $500 m in Swiggy
April 15, 2021
The investment will value the food delivery start-up at $5.5 billion SoftBank Vision Fund is in the advanced stages of talks to invest $450 - $500 million in Swiggy, which will value the food delivery start-up at $5.5 billion. Last April, Swiggy was valued at $3.65 billion when it raised an additional $43 million in April 2020 as part of its ongoing Series I round, which mopped up a total of $156 million, taking its cumulative fundraise to $1.42 billion.
This new financing round could be part of its Series J fundraise in addition to $800 million that Swiggy has raised from new investors including Falcon Edge Capital, Goldman Sachs, Think Capital, Amansa Capital and existing investors Prosus Ventures and Accel Partners.
India s Swiggy nears $5 billion valuation in new $800 million fundraise yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.
India’s Swiggy nears $5 billion valuation in new $800 million fundraise
Swiggy has raised about $800 million in a new financing round, the Indian food delivery startup told employees on Monday, as it looks to expand its business in the country quarters after the startup cut its workforce to navigate the pandemic.
In an email to employees, first reported by Times of India journalist Digbijay Mishra, Swiggy co-founder and chief executive Sriharsha Majety said the startup had raised about $800 million from new investors including Falcon Edge Capital, Goldman Sachs, Think Capital, Amansa Capital, and Carmignac, and existing investors Prosus Ventures and Accel.