Friday, 24 March, 2023

Swiggy reaches valuation of 10.7B

<p>Swiggy raised $700M in new funding round, just six months after raising $1.25M, as it aggressively expands its offerings in the South Asian market, including instant delivery. Invesco led the Bengaluru-based startup&#39;s funding round, which valued the startup at $10.7B, according to a source familiar with the matter. Swiggy&#39;s valuation of $10.7B has surpassed that of its 13-year-old chief rival Zomato, whose market cap has shrunk to less than $10B.</p>