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    Home»Deals & Transactions»SoftBank Vision Fund 2 leads USD150m Gousto investment at USD1.7bn valuation
    Deals & Transactions

    SoftBank Vision Fund 2 leads USD150m Gousto investment at USD1.7bn valuation

    January 7, 20221 Min Read
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    FILE PHOTO: Signage for SoftBank Group Corp. is displayed outside one of the company's stores in Tokyo, Japan, on Tuesday, May 9, 2016. SoftBank on July 18, 2016, agreed to buy ARM Holdings Plc for 24.3 billion pounds ($32 billion), securing a slice of virtually every mobile computing gadget on the planet and future connected devices in the home. Photographer: Tomohiro Ohsumi/Bloomberg
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    Gousto, the only profitable B Corp Unicorn in the UK, has raised USD150 million of new investment in a fundraise that has brought SoftBank VF2 on to the Gousto share register.

    The investment follows another strong year in 2021 for the recipe box company, which will announce Full Year 2021 results in May.
     
    The new capital will be partly used to fund a fifth highly automated and AI-driven fulfilment centre near Birmingham (Burton-on-Trent). The new investment unlocks 40 per cent more capacity for Gousto, with four other automated fulfilment centres in Essex, Lincolnshire and Cheshire. These ambitious growth plans have enabled the business to capitalise on the accelerating demand for recipe boxes and the permanent shift toward online grocery.

    Read more/Source: Private Equity Wire

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