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INVESCO SWIGGY
Swiggy’s valuation markup; Ola Electric loses market shareUS investor Invesco has hiked the fair value of IPO-bound Swiggy while trimming that of Pine Labs.- 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...
- Swiggy announces $65 million ESOP programme for employees ahead of IPOAs part of the scheme, Swiggy employees across all levels and functions will have the opportunity to receive up to $65 million in liquidity...
- 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' ...
- 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...
- 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...
- Swiggy Instamart VP Sidharth Satpathy exits, Amazon’s Anirban Roy to succeedSeveral high-level executives have exited IPO-bound Swiggy over the last year, including senior vice president Karthik Gurumurthy, who buil...
- 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.
- Swiggy loss for first half FY24 narrows to $208 million, food business grows 17%: ProsusSwiggy, whose major businesses include its core food-delivery platform as well as quick commerce venture Instamart, saw overall gross merch...
- Invesco raises Swiggy’s valuation to $7.8 billionEarlier in May, Invesco slashed Swiggy's valuation in its holding to about $5.5 billion.
- 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...
- Baron Capital slashes Swiggy’s valuation yet again to $6.38 billionBaron Capital had marked down Swiggy’s valuation by 34% to $7.1 billion as of December 2022, which ET reported on May 16.
- 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 ...
- 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...
- 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...
- 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...
- 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...
- 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...
- Swiggy said to near $700 million fundraise in Invesco-led roundWhile Invesco will pour in $200 million, other existing investors such as Softbank will also participate. The deal values Swiggy, formally ...
- 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 IPO
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