Food delivery startup Swiggy announced it closed a $1.25bn funding round led by SoftBank Vision Fund 2 and Prosus, just days ahead of rival Zomato Ltd’s listing. New investors in the round include the Qatar Investment Authority, Falcon Edge Capital and Goldman Sachs, while existing backers Accel Partners and Wellington Management also participated, Swiggy said in a statement Tuesday. The latest fundraising was heavily oversubscribed following strong interest from investors, the startup said without providing details or its market value. Bloomberg had reported earlier that SoftBank is investing in the company at a $5.5bn valuation. Global investors have flocked to India’s nascent startup ec
Hence then, the article about softbank backs food delivery app swiggy s 1 25bn funding was published today ( ) and is available onGulf Times ( Qatar ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( SoftBank backs food delivery app Swiggy’s $1.25bn funding )