Slve Top News In Payments: Wells Fargo Collaborates With Plaid On API; Postmates Notches $225M
SoftBank 8216 Vision Fund II will now be able to invest in Swiggy, the food delivery app, after being approved by the Indian anti-monopoly watchdog, a report from Economic Times says.The Competition Commission of India CCI said on Twitter that it had approved acquisition of a certain stake in Bundl Technologies, or Swiggy, by SoftBank.The new funding comes after Swiggy saw a $800 million funding round, which had participation from investors including Falcon Edge, Amansa Capital, Think Investments, Carmignac and Goldman Sachs. SoftBank has been angling to get into the food delivery sector since 2017 and has held talks with Swiggy as well as its chief rival Zomato.But Swiggy wants to diversify beyond just food delivery, and has tried to incorporate other
stanley quencher adjacent areas like groceries and daily essential service
stanley cup s. This won favor with SoftBank.SoftBank Vision Fund II has also worked as a co-investor with Zomato, though, on e-grocer Grofers, the report says.SoftBank was reported last April to be considering a $450 million investment in Swiggy, with the latter company likely being valued around $5 million.Swiggy had also come off a funding round around April with funding led by Falcon Edge Capital聽and聽Goldman Sachs, with participation from聽Accel聽and聽Naspers, which the company said would be used to help out with expansions for the company.Masayoshi Son, founder of SoftBank, said his decision was based on Swiggy aforementioned attempts to branch o
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ClassPass聽announced that it has signed an agreement to acquire GuavaPass, an aggregator of fitness experiences operating in Asia and the Middle East.Through the deal, which is expected to close this month, ClassPass will acquire GuavaPass operations in 11 cities throughout Asia and the Middle East: Abu Dhabi, Bangkok, Beijing, Dubai, Hong Ko
kubki stanley ng, Jakarta, Kuala Lumpur, Manila, Mumbai, Shanghai and Singapore. In addition, GuavaPass founders Jeffrey Liu and Rob Pachter will join ClassPass, along with select GuavaPass employees. To be acquired by an industry leader like ClassPass is a true testament to what weve built across Asia and the Middle East, said GuavaPass Co-Founder Jeffrey Liu in a press release. When my co-founder, Rob Pachter, and I started this company three years ago, our mission was to provide convenient access to top fitness experiences. ClassPass unrivaled tal
stanley cup ent and technology means that, together, we can take our common mission further. Once the deal is closed, GuavaPass will stop its operations in markets where ClassPass is available, while the GuavaPass brand will continue to operate under the ClassPass umbrella in remaining markets until further notice. Were thrilled to acquire GuavaPass assets and select talent, and continue building the biggest fitness membership for our customers, and the largest global network for our partners. This
stanley fr transaction will only accelerate our robust growth trajectory as we continue expanding throughout Asia and the Middle Eas