SoftBank to invest $300 million in food delivery firm DoorDash: Recode

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(Reuters) – SoftBank Group Corp plans to invest around $300 million into DoorDash, a San Francisco-based food delivery startup, Recode reported.

FILE PHOTO: The logo of SoftBank Group Corp is displayed at SoftBank World 2017 conference in Tokyo, Japan, July 20, 2017. REUTERS/Issei Kato/File Photo

The investment will be made from SoftBank’s Vision Fund, which has raised close to $100 billion to invest in technology companies, Recode also reported. bit.ly/2B19QMQ

DoorDash declined to comment on the report, while SoftBank did not respond to a request for comment.

Reporting by Parikshit Mishra in Bengaluru; Editing by Gopakumar Warrier

Our Standards:The Thomson Reuters Trust Principles.



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