In brief: Swiggy in talks with SoftBank for up to $500m investment, sources say
nIndia-based food delivery startup Swiggy is in talks to raise as much as US$1 billion from investors, with US$300 million to US$500 million coming from SoftBank, Livemint reported, citing people familiar with the matter.nRival Zomato was also wooing the Japanese company for an investment.nIf the deal pushes through, it will be SoftBank’s first direct investment in a food tech business in India.n