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    9984   JP3436100006

SOFTBANK GROUP CORP.

(9984)
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India's Swiggy Raises $1.25 Billion in Funding Round Led by SoftBank, Prosus

07/20/2021 | 06:17am EDT

By Adria Calatayud

Indian food-delivery startup Swiggy on Tuesday closed a $1.25 billion funding round led by SoftBank Vision Fund 2 and Dutch internet conglomerate Prosus NV, the companies said.

Swiggy said new investors like Qatar Investment Authority, Falcon Edge Capital, Amansa Capital, Goldman Sachs, Think Investments and Carmignac participated in the fundraising, as well as existing investors Accel Partners and Wellington Management.

The funds will help the Indian startup to accelerate investment in its core food-delivery service and in nonfood categories, it said.

"Our biggest investments will be in our nonfood businesses that have witnessed tremendous consumer love and growth in a short span, especially in the past 15 months of the pandemic," Swiggy Chief Executive Sriharsha Majety said.

Write to Adria Calatayud at adria.calatayud@dowjones.com

(END) Dow Jones Newswires

07-20-21 0616ET

Stocks mentioned in the article
ChangeLast1st jan.
PROSUS N.V. 0.69% 68.3 Real-time Quote.-23.23%
SOFTBANK GROUP CORP. -4.98% 6329 End-of-day quote.-21.46%
THE GOLDMAN SACHS GROUP, INC. -0.10% 377.53 Delayed Quote.43.39%
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Analyst Recommendations on SOFTBANK GROUP CORP.
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Financials
Sales 2022 6 040 B 55 286 M 55 286 M
Net income 2022 1 310 B 11 989 M 11 989 M
Net Debt 2022 14 983 B 137 B 137 B
P/E ratio 2022 8,69x
Yield 2022 0,70%
Capitalization 10 842 B 99 238 M 99 239 M
EV / Sales 2022 4,28x
EV / Sales 2023 4,05x
Nbr of Employees 58 786
Free-Float 69,3%
Chart SOFTBANK GROUP CORP.
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SoftBank Group Corp. Technical Analysis Chart | 9984 | JP3436100006 | MarketScreener
Technical analysis trends SOFTBANK GROUP CORP.
Short TermMid-TermLong Term
TrendsNeutralBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 15
Last Close Price 6 329,00 JPY
Average target price 10 507,87 JPY
Spread / Average Target 66,0%
EPS Revisions
Managers and Directors
Masayoshi Son Chairman & Executive President
Yoshimitsu Goto CFO, Director & Senior Managing Executive Officer
Raul Marcelo Claure Chief Operating Officer & Executive Vice President
Tim Mackey Chief Legal Officer & Group Compliance Officer
Masami Iijima Independent Outside Director
Sector and Competitors
1st jan.Capi. (M$)
SOFTBANK GROUP CORP.-21.46%104 235
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T-MOBILE US-6.84%156 782
KDDI CORPORATION23.48%79 646
AMÉRICA MÓVIL, S.A.B. DE C.V.24.84%58 864
VODAFONE GROUP PLC-5.62%43 049