Less than two weeks after Swiggy secured $50m from Flipkart, SoftBank is in talks with the food delivery service for a commitment of $200m to $250m.
India-based online food ordering service Swiggy is discussing an investment of $200m to $250m with telecoms group SoftBank, the Economic Times reported today citing three people with knowledge of the deal.
Internet company Tencent is said to provide another $50m if the SoftBank investment goes ahead, adding to e-commerce firm Flipkart’s initial $50m commitment earlier this month. The deal would value Swiggy at $600m to $650m pre-money.
E-commerce group Alibaba and its payments processing affiliate Ant Financial are also…
