The online food delivery service hiked its valuation to $5.5bn in a series J round co-led by SoftBank Vision Fund 2 and Prosus.

Internet and telecommunications firm SoftBank’s Vision Fund 2 and internet group Prosus co-led a $1.25bn series J round for India-based food delivery service provider Swiggy yesterday at a $5.5bn valuation.

The round also featured sovereign wealth fund Qatar Investment Authority as well as Accel, Wellington Management, Falcon Edge Capital, Amansa Capital, Goldman Sachs, Think Capital and Carmignac.

TechCrunch reported the round includes an $800m tranche led by Prosus’ corporate venturing arm, Prosus Ventures, in April this year. SoftBank provided…