It took SoftBank several years, but the Japanese investment giant is now ready to bet on India’s food delivery market. Swiggy said on Tuesday it has closed a $1.25 billion financing round led by SoftBank Vision Fund 2 and Prosus.
Masayoshi Son-led SoftBank Vision Fund II has invested $450 million in food delivery platform Swiggy (Bundl Technologies Private Limited) leading the company’s massive $1.25 billion Series J round of fundraising, with India’s antitrust watchdog, the Competition Commission having greenlit the transaction a few days ago. It is expected that this investment will see Swiggy’s valuation soar to nearly $5.5 billion.
Rajaram Legal advised
Khaitan & Co acted for
Shardul Amarchand Mangaldas advised long-time client