Zomato's rival Swiggy's valuation up by 13% to ₹1 lakh crore

Swiggy, the food-delivery app, is preparing for an initial public offering (IPO) and has seen its valuation increase by 13% to $12.16 billion, up from $10.7 billion in its last fundraising in 2022. According to an ET report, US-based asset manager Baron Capital Group has increased the value of its stake in the company.