Swiggy in advanced stage to mop up $450-500 mn from SoftBank Vision Fund

SoftBank in talks to invest up to $500 m in Swiggy
April 15, 2021
The investment will value the food delivery start-up at $5.5 billion
SoftBank Vision Fund is in the advanced stages of talks to invest $450 - $500 million in Swiggy, which will value the food delivery start-up at $5.5 billion. Last April, Swiggy was valued at $3.65 billion when it raised an additional $43 million in April 2020 as part of its ongoing Series I round, which mopped up a total of $156 million, taking its cumulative fundraise to $1.42 billion.
This new financing round could be part of its Series J fundraise in addition to $800 million that Swiggy has raised from new investors including Falcon Edge Capital, Goldman Sachs, Think Capital, Amansa Capital and existing investors Prosus Ventures and Accel Partners.

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