CCI approves Softbank’s USD 450 million investment in Swiggy
CCI approves Softbank’s USD 450 million investment in Swiggy

Competition Commission of India (CCI) has approved a USD 450 million investment from Japanese-conglomerate Softbank into Bundl Technologies, parent of food tech unicorn, Swiggy.

This is a part of the ongoing Series J round, which saw the likes of new investors including Falcon Edge Capital, Amansa Capital, Think Investments, Carmignac and Goldman Sachs, invest close to USD 800 million in the six-year-old startup, earlier in May this year.

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