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Startups

India's Swiggy raises $1.25bn led by SoftBank

Food delivery startup's latest fundraiser heavily oversubscribed

Swiggy's food deliveries have boomed in recent months during India's nationwide lockdown to try to suppress a massive COVID-19 resurgence that has left over 400,000 people dead. (Photo by Punit PARANJPE / AFP)   © AFP/Jiji

TOKYO -- Indian food delivery company Swiggy has raised $1.25 billion from investors including SoftBank Group's Vision Fund 2, as the startup aims to expand its business and capture India's growing online grocery market.

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