Invesco cuts Swiggy valuation by half to $5.5 billion

Variety
08-05-2023 | 07:25
High views
Share
LBCI
Share
LBCI
Whatsapp
facebook
Twitter
Messenger
telegram
telegram
print
Invesco cuts Swiggy valuation by half to $5.5 billion
Whatsapp
facebook
Twitter
Messenger
telegram
telegram
print
0min
Invesco cuts Swiggy valuation by half 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 percent decrease from the $10.7 billion valuation Invesco had previously attributed to the startup during a funding round the Atlanta-headquartered firm led last year.

This marks the second occasion in recent quarters that Invesco has substantially altered Swiggy’s valuation. In October, Invesco had already reduced the valuation of its holding in Swiggy to $8 billion.
 

Invesco

Cuts

Swiggy

Valuation

Half

Indian

Food

Delivery

Subscribe to our VOD
SUBSCRIBE
Our visitors readings
d-none hideMe
LBCI
Middle East News
07:43

France urges Israel to arrest West Bank settlers at Qusra

LBCI
Middle East News
2026-03-01

New explosions heard in Iraq's Erbil: AFP

LBCI
World News
2026-02-19

Trump says Iran must make 'meaningful deal' or 'bad things happen'

LBCI
Lebanon News
2026-06-08

US ambassador says Trump ‘always speaks about Lebanon’ as Washington ‘prioritizes’ Lebanese file

Videos
d-none hideMe
LBCI
Lebanon News
2026-08-06

Lebanon-Israel talks: delegations arrive at US Embassy in Rome — Video

LBCI
Lebanon News
2026-07-24

Residents begin returning to Zawtar el-Gharbiyeh, southern Lebanon: Video

LBCI
Lebanon News
2026-07-20

Slotkin to LBCI: Lebanese army needs resources to confront Hezbollah, $36 million request submitted for special forces

LBCI
Lebanon News
2026-06-26

Lebanon’s ambassador to Washington: trilateral framework agreement first step toward restoring sovereignty

LBCI
Lebanon News
2026-06-26

Rubio on Lebanon-Israel framework agreement: 'beginning of the beginning,' more work needed

LBCI
Lebanon News
2026-06-26

Lebanon, Israel sign trilateral framework agreement after Washington talks attended by Rubio: Video

LBCI
Lebanon News
2026-06-20

Israeli strikes renew on Choukine, Maifadoun, and Nabatieh al-Fawqa in southern Lebanon: Video

LBCI
Lebanon News
2026-06-19

Massive Israeli strikes hit South Lebanon under ceasefire conditions

LBCI
Lebanon News
2026-06-16

Trump criticizes Israel’s Lebanon campaign, says war has gone on ‘too long’ and floats Syria role in conflict

Most read
d-none hideMe
24 hours
7 days
Month
LBCI
News Bulletin Reports
12:55

Ali al-Taher hills: Between military confrontation and surrender scenario

LBCI
News Bulletin Reports
13:01

A new force for Lebanon's south? The debate over who will monitor the next phase after UNIFIL

LBCI
Lebanon News
06:12

LBCI sources: Lebanon to hand former Syrian General Adel Issa to Syrian judiciary

LBCI
Middle East News
13:43

Israel sends troops to settler siege as US ambassador slams 'act of terror'

LBCI
World News
04:03

Etna eruption extends closure of Sicily's Catania airport until Saturday

LBCI
Lebanon News
06:23

Human Rights Watch urges UN to maintain peacekeeping force in South Lebanon

LBCI
World News
12:02

Houthis claim drone strike on Saudi refinery: Affiliated media

LBCI
World News
11:16

US-indicted Raul Castro reappears after months out of public view

Download now the LBCI mobile app
To see the latest news, the latest daily programs in Lebanon and the world
Google Play
App Store
Download now the LBCI mobile app
We use
cookies
We use cookies to make
your experience on this
website better.
Accept
Learn More