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Invesco raises Swiggy's valuation to $13.3 billion ahead of IPO
short by Mansi Agarwal / on Tuesday, 1 October, 2024
Invesco has raised the fair value of its stake in Swiggy by 25% ahead of the IPO of the food delivery platform. It valued its stake in Swiggy at $237.24 million as of July, effectively valuing the startup at $13.3 billion. The US-based investment management company invested in Swiggy in 2022 at a valuation of $10.7 billion.
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