Indian food delivery startup Swiggy raises $1.25 bln from SoftBank, Prosus – Reuters India

Indian food delivery startup Swiggy raises $1.25 bln from SoftBank, Prosus – Reuters India

BENGALURU, July 20 (Reuters) - Indian food delivery startup Swiggy said on Tuesday it has raised $1.25 billion in a funding round led by SoftBank's Vision Fund 2 (9984.T) and technology investor Prosus (PRX.AS) as foreign funds raise their stake in local internet-based consumer firms.

After the fund infusion, Swiggy will be valued at $5.5 billion, technology news site TechCrunch reported. Swiggy did not immediately respond to Reuters request for comment on its latest valuation. (https://tcrn.ch/36NFNGI)

Goldman Sachs and Qatar Investment Authority were also among the notable investors in the latest fundraise.