US investment firm Invesco reduces fair value of Pine Labs, Swiggy

American investment firm Invesco has reduced the fair value of fintech firm Pine Labs and food delivery company Swiggy, according to its half-yearly shareholder report filed with the US Securities and Exchange Commission.

Invesco valued Pine Labs at $3.5 billion as of April compared to $3.8 billion as of January 31, and $4.8 billion as of December 31, 2023.