Japan's Softbank to invest in Swiggy!
Japanese investment giant Softbank is in talks to invest $ 45 billion (approximately Rs 3,348 crore) in Swiggy, a food supplier on online order. The Information that the deal will be finalized soon. As part of this, the market value of Swiggy is estimated at $ 500 billion, according to reliable sources.
The company raised $ 80 billion (approximately Rs 5,862 crore) this month from Falcon Edge Capital, Amansa Capital, Think Investments, Carmignac and Goldman Sachs.
It is known that 'Zomato' is the main competitor of Swiggy and it is now in the process of coming up with a public offering (IPO) this year. It is learned that it is planning to raise $100 crore as part of the IPO. In this context, Swiggy has become a major fundraiser from investors.