Top headlines: SoftBank to invest $450 mn in Swiggy; Wipro to retain talent

From Softbank Group set to invest $450 million in Swiggy at $5.5 billion value to Citigroup announcing retail business exit from India, 12 other countries, here are top headlines this morning

Softbank Group to invest $450 million in Swiggy at $5.5 billion value

SoftBank Group Corp. is investing in Swiggy at a $5.5 billion valuation, the second funding for the Indian food delivery startup in as many weeks as capital floods the world’s fastest growing internet arena. The $450 million funding came from Masayoshi Son’s Vision Fund 2, a person familiar with the matter said. The financing awaits approval from Indian antitrust regulators, the person added, asking not to be identified talking about a private deal. Read More

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