Swiggy can give good returns too if it goes public, says SoftBank’s Son

SoftBank founder Masayoshi Son said a public listing by its portfolio company Swiggy can also deliver “good returns” terming it as the Japanese investment giant’s “expectation” from the food delivery app whose main rival Zomato NSE 4.11 % has just registered a stellar IPO on Indian bourses.

Speaking at a post-earnings presentation for SoftBank on Tuesday, Son told analysts that his firm’s investment in Swiggy could also yield good returns, while noting that Zomato’s share price was doing “great” after its listing.