MUMBAI: In a lift for Swiggy, its US-based investor Invesco has but once more marked up the startup’s valuation. Regulatory filings made with the US SEC confirmed that the asset supervisor valued the meals supply firm at about $8.3 billion as of October 31, 2023. That is greater than the valuation of $7.8 billion that Inve sco had ascribed the Bengaluru-based agency in its earlier mark up on the finish of July.
With this latest mark up, Invesco has raised the startup’s valuation for a second straight time.The agency held about 2% stake in Swiggy as of November 2023, information sourced from market analysis agency Tracxn confirmed. The valuation enhance is a constructive growth for Swiggy which is known to be getting ready for public market debut. The newest valuation, is nonetheless, decrease than the agency’s peak valuation of $10.7 billion at which it had raised $700 million from traders led by Invesco in January 2022.
Amid a funding winter and strict investor vigilance, Swiggy had confronted valuation mark downs by traders final 12 months with Invesco having slashed its valuation to $5.5 billion (as of January 2023).
With this latest mark up, Invesco has raised the startup’s valuation for a second straight time.The agency held about 2% stake in Swiggy as of November 2023, information sourced from market analysis agency Tracxn confirmed. The valuation enhance is a constructive growth for Swiggy which is known to be getting ready for public market debut. The newest valuation, is nonetheless, decrease than the agency’s peak valuation of $10.7 billion at which it had raised $700 million from traders led by Invesco in January 2022.
Amid a funding winter and strict investor vigilance, Swiggy had confronted valuation mark downs by traders final 12 months with Invesco having slashed its valuation to $5.5 billion (as of January 2023).
