Baron Capital cuts Swiggy's fair value by 10%, 2nd cut since Dec

US-based asset management company Baron Capital has slashed the fair value of Swiggy in its books by 10%, effectively valuing the company at $6.5 billion as of March 31, 2023. This comes after it cut Swiggy's fair value by 34% as of December 31, 2022. Baron Capital holds about 0.7% stake in Swiggy.