SoftBank Vision Fund 2 is in advanced stages of talks to invest up to half a billion dollars into food delivery startup Swiggy, two sources familiar with the matter told TechCrunch. The new investment values the Indian startup at over $5.5 billion, the sources said.
The new investment is on top of $800 million fundraise Swiggy unveiled earlier this month.
Swiggy and SoftBank declined to comment.
This is a developing story. More to follow…