Prosus, earlier Naspers, owns little over 9% in Byju’s and readjusted the fair value of its investment in the firm to $493 million as of Ma...

With consumer internet firms chasing profitability, the spends on marketing for online food delivery platforms like Zomato and Swiggy were ...

As of March 31, 2023, funds managed by Janus Henderson valued their stake in the startup at $2.7 billion – less than half of the $5.6 billi...

Notably, Fidelity’s funds had valued Meesho at $4.98 billion as of December 2022. Prior to that, as of September 2022, the investor had asc...

The markdown has translated to a valuation of about $2.9 billion as of March 31, 2023, a drop from $3.2 billion in August 2021, a price at ...

Capital markets regulator Securities and Exchange Board of India (Sebi) has sought suggestions from venture capital and private equity fund...

Some of India’s biggest startup stars have seen their valuations slashed, and fallout is likely to impact fundraising, public offerings and...

“As of March 2023, Swiggy’s food delivery business has turned profitable (after factoring in all corporate costs; excluding employee stock ...

Food delivery platform Swiggy on Thursday announced that it has turned profitable as of March 2023.

Amid the dark clouds of sharp valuation markdowns for tech companies, Swiggy's CEO Sriharsha Majety announced that its food-delivery busine...

Gurgaon-based food-delivery company Zomato has gone live with a third-party Unified Payments Interface (UPI) application for some of its us...

The chill in the consumer Internet investment ecosystem and the subsequent cooling down in startups’ growth in India are now being felt thr...

Analysts said the disruption by ONDC, where consumers are buying food and grocery at cheaper prices, has hurt investor sentiment in loss-ma...

Fintech major Razorpay is planning to move its holding company from the US to India amidst tightening regulations in the sector. This and m...

This 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...

US 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...

While BlackRock has slashed Byju’s valuation by nearly 50%, Invesco has cut Swiggy’s stake value by over 23%.