Baron Capital boosts food delivery firm Swiggy valuation to $15.1 billion

A fund managed by US-based asset management firm Baron Capital Group has increased the valuation of food delivery firm Swiggy to $15.1 billion. This is 25 per cent higher than the last fair value recorded by the investor, according to regulatory filings with the US Securities and Exchange Commission (SEC). The Bengaluru-based firm has filed draft papers for an initial public offering (IPO).

The latest valuation reflects the value of Swiggy as of March 31. As of December 31, 2023, Baron Capital valued Swiggy at $12.1 billion.