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Aya Lin · · 1 min readIn brief: Swiggy in talks with SoftBank for up to $500m investment, sources say
- India-based food delivery startup Swiggy is in talks to raise as much as US$1 billion from investors, with US$300 million to US$500 million coming from SoftBank, Livemint reported, citing people familiar with the matter.
- Rival Zomato was also wooing the Japanese company for an investment.
- If the deal pushes through, it will be SoftBank’s first direct investment in a food tech business in India.
Editing by Charmaine de Lazo
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