Friday, June 14, 2024
More
    HomeFinanceSwiggy's valuation reduced to $5.5 billion by Invesco

    Swiggy’s valuation reduced to $5.5 billion by Invesco

    Related stories

    Big Bold Sale announced by AJIO

    AJIO, a popular online fashion store in India, is...

    HMDA and IRB sign agreement for ORR TOT project

    India’s IRB Infrastructure Developers has signed a concession agreement...

    Financial Support Should be Provided by NPRD for All Rare Diseases

    The National Policy for Rare Diseases (NPRD) should cover...

    SJVN achieves all-time high revenue of Rs 3,300 crore in FY’23.

    State-owned hydropower producer SJVN has reported a jump in...

    US investment firm Invesco has decreased the value of its holding in Indian online food delivery platform Swiggy to around $5.5 billion, according to regulatory filings with the US Securities and Exchange Commission. This is a reduction from $8 billion in October 2022 and a significant drop from Swiggy’s $10.7 billion valuation in January 2022 when Invesco led a funding round. Swiggy is preparing for an initial public offering, but has not yet released its FY23 numbers. In FY22, the company saw a 2.2-times growth in gross merchandise revenue to reach Rs 5,705 crore but losses doubled to Rs 3,629 crore compared to the previous fiscal year.

    Also read:  PBPartners Introduces Industry-first PBP One Program to Reward its Top-performing PoSP Agent Partners
    - Advertisement -
    Rajesh M
    Rajesh Mhttps://www.telanganatribune.com
    Latest News from Hyderabad, Telangana, India & World!

    Follow us

    3,565FansLike
    179FollowersFollow
    1,202FollowersFollow
    965SubscribersSubscribe

    Contribute News

    You can contribute an article to Telangana Tribune by dropping a mail at newsdesk@telanganatribune.com

    Latest stories

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here