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Welcome To IANS Live - BUSINESS - TN hoteliers want 'oxygen' to breathe as night curfew 'choking' business

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IANSLive
Chennai, April 21 (IANS) With nearly 50 per cent of the business gone since the outbreak of coronavirus and the lockdown last year, the night curfew and ban on tourists visiting hill stations will further wipe out the restaurant business, said hoteliers in Tamil Nadu.
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Update: 21-April-2021 ....

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Welcome To IANS Live - NATION - TN hoteliers want 'oxygen' to breathe as night curfew 'choking' business

Photo Credit: IANS
IANSLive
Chennai, April 21 (IANS) With nearly 50 per cent of the business gone since the outbreak of coronavirus and the lockdown last year, the night curfew and ban on tourists visiting hill stations will further wipe out the restaurant business, said hoteliers in Tamil Nadu.
To get full access of the story, click here to subscribe to IANS News Service
© 2021 IANS India Private Limited. All Rights Reserved.
The reproduction of the story/photograph in any form will be liable for legal action.
For news, views and gossips, follow IANS at Twitter.
Update: 21-April-2021 ....

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[Funding alert] SoftBank in talks to invest around $450M in Swiggy; valuation to rise to $5B

[Funding alert] SoftBank in talks to invest around $450M in Swiggy; valuation to rise to $5B
Swiggy CEO Sriharsha Majety announced the likely deal in an email sent to employees earlier in April, which pegs the startup s valuation at $5 billion.
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SoftBank is in advanced talks on investing around $450 million (around Rs 3,348 crore) in the food ordering and delivery platform
Swiggy.
The deal is likely to peg the valuation of Bengaluru-based firm at $5 billion, sources familiar to the development said.
The food delivery startup had earlier announced an investment of
$800 million (around Rs 5,862 crore) by
Falcon Edge Capital, Amansa Capital, Think Investments, Carmignac, and Goldman Sach. ....

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SoftBank's Vision Fund may put $400-$500 million in Swiggy

The investment is expected to value the Bengaluru-based Swiggy at a little over $5 billion. (Representative image)
BENGALURU: After waiting in the wings for the last few years, SoftBank CEO Masaysohi Son seems to be close to taking a bet on India’s online food delivery market.
SoftBank’s Vision Fund 2 is in advanced stages of talks to invest around $400-500 million in Swiggy, two people close to the development said.
The investment is expected to value the Bengaluru-based Swiggy at a little over $5 billion. It would be on top of the $800 million Swiggy raised earlier this month, which TOI reported about in its April 6 edition. ....

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SoftBank picks Swiggy over Zomato, to infuse $450 million at $5 billion value

The investment is likely to value the Bengaluru-based startup at a little over $5 billion. It would be an extension of the $800-million Swiggy raised earlier this month. ....

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