3 insights to kick-start your day, featuring SoftBank’s exit from Zomato

Soft gains. Long pain. In the news. SoftBank sold 1.09% stake in Zomato for USD125 million. Inside the news. SoftBank is almost fully exiting from one of its earliest investments in the country, with little gains. SoftBank’s eight-year roller-coaster ride with Grofers started in 2015 when it led a USD120 million round in the grocery startup. After a complete pivot to quick commerce, Grofers, now Blinkit, found itself struggling, again. Last