https://techcrunch.com/2021/07/20/indian-food-delivery-startup-swiggy-raises-1-25-billion-led-by-softbank-and-prosus/

It took SoftBank several years, but the Japanese investment giant is now ready to bet on India’s food delivery market. Swiggy said on Tuesday it has closed a $1.25 billion financing round led by SoftBank Vision Fund 2 and Prosus Ventures.

The new financing round, a Series J, includes the $800 million investment the Bangalore-based startup had disclosed to employees earlier this year. (SoftBank alone invested $450 million in the new round.) The new round, which Swiggy says was “heavily oversubscribed,” gives the six-year-old food delivery startup a post-money valuation of $5.5 billion.