Invesco raises Swiggy’s valuation to $13.3 billion

BENGALURU: US asset manager Invesco has raised food delivery and quick commerce platform Swiggy’s valuation to about $13.3 billion. In its disclosure with the US SEC (Securities Exchange Commission), Invesco’s Developing Markets Fund said it valued 28,844 shares at $237 million as of July 2024. Invesco holds a 2% stake in the company.

In 2022, Swiggy, which recently filed its IPO papers, raised $700 million in a funding led by Invesco, and it turned a decacorn as valuation crossed over $10.7 billion.