Majety said he has met Zomato founder Deepinder Goyal and asked him what it is like to run a listed food delivery business. Goyal is one among the many tech company founders that Majety has met.
ETtech Scoop: Swiggy close to raising $450 million from SoftBank Vision Fund
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The SoftBank deal is likely to peg Swiggy s valuation at $5 billion pre-money or pre-investment and is an extension of the $800 million funding round that CEO Sriharsha Majety announced in a company-wide email last month.
ETtech
Illustration: Rahul Awasthi
Mumbai:SoftBank Vision Fund is finalising a $450 million investment in Swiggy, after a few years of evaluating the food delivery sector and having stayed away from placing a wager, according to people familiar with the development.
The deal is likely to peg Swiggy s valuation at $5 billion pre-money or pre-investment and is an extension of the $800 million funding round that co-founder and CEO Sriharsha Majetyannounced in a company-wide email earlier this month, the people cited above said.