SoftBank backs food delivery app Swiggy’s US$1.25bil funding

New investors in the round include Qatar Investment Authority, Falcon Edge Capital and Goldman Sachs, while existing backers Accel Partners and Wellington Management also participated, Swiggy said in a statement. (A delivery man working with Swiggy, an online food delivery app, walks through a flooded street in Mumbai, India, Saturday, June 12, 2021. - AP)

BENGALURU: Food delivery startup Swiggy announced it closed a US$1.25bil (RM5.3bil) funding round led by SoftBank Vision Fund 2 and Prosus, just days ahead of rival Zomato Ltd’s listing.

New investors in the round include Qatar Investment Authority, Falcon Edge Capital and Goldman Sachs, while existing backers Accel Partners and Wellington Management also participated, Swiggy said in a statement.