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INVESCO SWIGGY INVESTMENT
US investor Invesco raises fair value of Swiggy, reduces valuation of Pine LabsThis comes days after Swiggy filed an updated red herring prospectus for its upcoming public issue of Rs 10,000 crore. The food delivery co...01 Oct, 2024, 04.33 PM IST- Invesco reduces fair value of Pine Labs, SwiggyInvesco has reduced the fair value of fintech company Pine Labs and food delivery firm Swiggy in its latest shareholder report. Pine Labs' ...11 Jul, 2024, 08.21 PM IST
- Swiggy IPO: Food-delivery major secures shareholder nod for potential $1.25 billion public offeringSwiggy IPO: Swiggy plans to raise up to Rs 3,750 crore ($450 million) in fresh capital, in addition to an offer-for-sale (OFS) component of...25 Apr, 2024, 08.08 PM IST
- Invesco marks Swiggy valuation at $12.7 billion, up 18% from last fundraiseThe latest mark up in Swiggy's valuation comes as the Bengaluru-based food and grocery delivery company presses ahead with its planned $1 b...09 Apr, 2024, 06.53 PM IST
- Swiggy investor Invesco raises food delivery firm’s valuation by 9% to $8.5 billionInvesco has also revised the valuation of fintech startup Pine Labs to $3.9 billion, from $4.1 billion earlier.04 Jan, 2024, 08.38 PM IST
- Invesco raises Swiggy’s valuation by 9%; FMCG items a hit on ecommerce platformsUS asset manager Invesco has marked food-delivery platform Swiggy's valuation up by 9% to $8.5 billion in a second consecutive increase. Th...04 Jan, 2024, 07.46 PM IST
- Invesco raises Swiggy’s valuation to $7.8 billionEarlier in May, Invesco slashed Swiggy's valuation in its holding to about $5.5 billion.17 Oct, 2023, 07.48 PM IST
- Zomato breaches $10 billion market cap mark on the back of maiden profitOn August 3, Zomato reported its first-ever consolidated quarterly net profit at Rs 2 crore, on the back of higher order frequency from sub...04 Aug, 2023, 02.00 PM IST
- Prosus reports 80% jump in Swiggy's Jan-Dec loss, 26% growth in food-delivery GMVProsus, which has backed companies such as Byju’s, PharmEasy and Eruditus, holds a 33% stake in Bengaluru-based Swiggy.27 Jun, 2023, 05.43 PM IST
- Swiggy CEO says food-delivery biz turned profitable in March, Zomato's Deepinder Goyal tweets ‘nicely done’“As of March 2023, Swiggy’s food delivery business has turned profitable (after factoring in all corporate costs; excluding employee stock ...19 May, 2023, 11.57 AM IST
- In March, Swiggy’s food-delivery biz turned profitable, excluding Esop costs: CEO Sriharsha MajetyFood delivery platform Swiggy on Thursday announced that it has turned profitable as of March 2023.18 May, 2023, 10.28 PM IST
- US investor Baron Capital marks down Swiggy’s valuation by 34% to $7.1 billion in latest filingAccording to regulatory filings, Baron Capital had marked down Swiggy’s valuation to $6.7 billion as of June 2022, just six months after bu...16 May, 2023, 05.32 PM IST
- Zomato slides 7% on fears ONDC may hit profitabilityAnalysts said the disruption by ONDC, where consumers are buying food and grocery at cheaper prices, has hurt investor sentiment in loss-ma...10 May, 2023, 05.57 AM IST
- Invesco slashes Swiggy’s valuation by 33% to $5.5 billionThis is the second time Invesco has cut down its valuation in the food delivery firm. We reported last month that Invesco had marked down i...09 May, 2023, 08.25 AM IST
- Invesco cuts Swiggy’s valuation by 33% to $5.5 billion; global tech M&A deals sputter in March quarterUS asset manager Invesco has once again slashed its portfolio firm Swiggy’s valuation. This time it’s a 33% cut to $5.5 billion from $8.2 b...08 May, 2023, 09.31 PM IST
- Swiggy's valuation rises to $10.7 billion after $700-million fundraiseWith the latest fundraise, Swiggy’s valuation has overtaken Zomato’s current market cap. In the process, the food-delivery major has also e...25 Jan, 2022, 10.00 AM IST
- Exclusive: Invesco in talks to invest in Swiggy at $10 billion valuationExisting investors too to take part in re-rating exercise at double the valuation post rival Zomato's bumper IPO28 Sep, 2021, 09.26 AM IST
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