If you thought that deal-making in India has gotten less exciting after Walmart’s acquisition of Flipkart, think again. SoftBank is exploring a potential investment in Gurugram-based food delivery service startup Zomato and reportedly held talks with it earlier this week according to an ET article, citing three people aware of the discussions. The report added that the discussions are at a “very preliminary stage”.
SoftBank, which is likely to take a call on this by year-end, is looking to invest something in the range of $200-400 Mn in India’s food delivery sector. Zomato’s talks with SoftBank reportedly touched on three main business lines, including the startup’s international expansion plans over the next few years.