Restaurant food delivery group, Deliveroo is in discussions with SoftBank over a potential investment, according to Sky News.
SoftBank's Vision Fund, which is a major new tech investment vehicle, would, if terms are agreed, take Deliveroo's worth to over $1bn.
The possible new investment would follow the $275m raised last year. The firm's current backers include Accel Partners, Index Ventures, General Catalyst, Greenoaks Capital, Hoxton Ventures and Nokia Growth Partners.