New Delhi: SoftBank founder Masayoshi Son on Tuesday said its portfolio company Swiggy is expected to deliver “good returns" if the food delivery platform were to go public. Speaking at a post-earnings presentation for SoftBank, Son said one of Swiggy's rivals has recently gone public and its share price is doing great. Noting that Swiggy and the rival are two dominant players in the Indian market with an equal market share, Son said: "...if they (Swiggy) go public, I believe that we will be able to see good returns from here too, that's our expectation". Swiggy has not formally announced any IPO plans yet. In his presentation on Tuesday, Son said Swiggy was clocking 1.5 million orders a day, and that the platform has about 20 million monthly active users.

Source: Mint August 10, 2021 17:12 UTC