SoftBank Vision Fund 2 is set to sell a 1.1% stake in Zomato, one of India’s leading food delivery platforms. The deal is valued at approximately ₹1,023.6 crore, marking a notable shift in the fund’s investment strategy.
SoftBank has been a key investor in Zomato, supporting its growth and expansion across India. This sale comes at a time when Zomato has been strengthening its market position and diversifying its services beyond food delivery.
While the reasons for the sale have not been explicitly stated, it is speculated that SoftBank may be realigning its portfolio, possibly to invest in new ventures or bolster its positions in other companies.
Zomato has not yet commented on the sale. However, industry experts believe that this move will not significantly impact Zomato’s operations or its market standing.
The deal is expected to be completed in the coming weeks, subject to regulatory approvals and customary closing conditions.
The following report is credited to information provided by CNBC TV-18
