CCI clears SoftBank's stake buy in food delivery unicorn Swiggy

The Competition Commission of India (CCI) has given its nod for a proposed deal involving a SoftBank Group entity purchasing a stake in food ordering and delivery platform Swiggy. SVF II Songbird (DE) LLC will pick up a stake in Bundl Technologies Pvt Ltd, which operates Swiggy. The deal is likely to peg the valuation of Swiggy at USD 5 billion.