SoftBank is hopping on the meal-kit bandwagon having acquired a stake in Gousto at a valuation of $1.75bn.
Internet and telecommunications conglomerate SoftBank’s Vision Fund 2 has invested $100m in UK-based meal kit subscription service Gousto, Sky News has reported, as consumer attitudes shift further to convenience in their eating habits.
The company has also obtained $50m in debt financing from financial services firms Barclays and HSBC. The round reportedly values it at $1.75bn and sources told Sky that SoftBank’s investment was made up of a combination of new and secondary share purchases.
Gousto provides a subscription service…
Fernando Moncada Rivera
Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.
