Venture Intelligence (TSJ Media Pvt. Ltd.)
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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.
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Venture Intelligence (TSJ Media Pvt. Ltd.)
1, Maharani Chinnamba Road; Alwarpet; Chennai - 600018. India.