Deliveroo is a food delivery service A giant technology fund backed by Apple and the Saudi Arabian state is in talks to buy a stake in Deliveroo, the British food delivery service which has been at the centre of controversy over its treatment of workers.
Sky News has learnt that the $93bn SoftBank Vision Fund, which was launched late last year, is in detailed talks with Deliveroo about participating in a big fundraising being planned by the company.
Sources said this weekend that SoftBank was “very interested” in buying a stake in Deliveroo but cautioned that a deal could be some weeks from being finalised.
The delivery app’s latest funding round could see it raise a similar sum to the $275m it attracted from investors nearly a year ago, according to insiders.
The valuation that would be attributed to Deliveroo by its new fundraising would see it smash the £1bn barrier that leads to tech companies being labelled as ‘unicorns’, they added.
One source said on Saturday that the company’s valuation could reach £1.5bn after the next phase of investment.If SoftBank’s Vision Fund – which was set up to take big stakes in emerging technology companies – does proceed with the deal, it would […]