Invesco pegs Swiggy’s valuation at $8.3bn

New Delhi: US-based investment company Invesco has raised IPO-bound food delivery platform Swiggy’s valuation to about $8.3 billion. This is the second consecutive time the global asset management company has increased Swiggy’s value, according to regulatory filings.

In October last year, Invesco increased the food delivery platform’s valuation to about $7.85 billion. Swiggy had reached a $10.7 billion valuation in a round led by Invesco in January 2022. In May last year, Invesco slashed Swiggy’s valuation in its holding to about $5.5 billion. In November, Swiggy’s investor Prosus, in its financial filing, stated that Swiggy’s core food-delivery business grew 17 per cent and delivered GMV of $1.43 billion in the first half of FY24.