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

December 8, 2017

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

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.

SoftBank and the on-demand restaurant delivery service were not immediately available for comment.

(Reporting by Parikshit Mishra in Bengaluru; Editing by Gopakumar Warrier)

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