Wag has agreed to buy back almost 50% of its shares from SoftBank, who invested $300m last year but which is selling at a loss.
Telecommunications and internet group SoftBank’s Vision Fund has agreed to sell a stake in US-based petsitting service Wag back to the company, the Financial Times reported yesterday.
Wag operates a mobile app-based platform that offers on-demand dog walking and petsitting that can span 20-minute drop-ins to longer-term care across multiple days or nights at either the contractor or the customer’s home.
Vision Fund provided $300m of funding for Wag in January 2018 at a reported $650m valuation, expanding a…
