The investment is expected to value the Bengaluru-based Swiggy at a little over $5 billion. (Representative image)
BENGALURU: After waiting in the wings for the last few years, SoftBank CEO Masaysohi Son seems to be close to taking a bet on India’s online food delivery market.
SoftBank’s Vision Fund 2 is in advanced stages of talks to invest around $400-500 million in Swiggy, two people close to the development said.
The investment is expected to value the Bengaluru-based Swiggy at a little over $5 billion. It would be on top of the $800 million Swiggy raised earlier this month, which TOI reported about in its April 6 edition.