Invesco cuts Indian food delivery giant Swiggy’s valuation to $5.5 billion

Invesco, which led Swiggy’s previous round, has marked down the Indian food delivery giant’s valuation in its holding to about $5.5 billion, according to a filing. This revised valuation, as of January 31, 2023, represents a striking 48.6% decrease from the $10.7 billion valuation Invesco had previously attributed to the startup during a funding round […] Invesco cuts Indian food delivery giant Swiggy’s valuation to $5.5 billion by Manish Singh originally published on TechCrunch...