Panoramic surpasses £100m hard cap for its new UK-focused fund

Panoramic surpasses £100m hard cap for its new UK-focused fund

Glasgow-based Panoramic has held the final close of its Panoramic SME Fund 3 on its hard-cap of £100m. Funding was raised from a range of institutional investors, with previous investors continuing to back the regional investment house. Returning investor British...
SoftBank fund cuts stake in India’s Zomato in $115m deal

SoftBank fund cuts stake in India’s Zomato in $115m deal

BENGALURU (Reuters) – SoftBank Vision Fund on Wednesday sold a 1.17% stake in Indian food delivery firm Zomato in a deal valued at 9.47bn rupees ($114.7m), exchange data showed. The venture capital fund, part of Japan’s SoftBank Group, sold 100m shares at...