Swiggy cuts IPO valuation again, to $11.3 billion, BlackRock and CPPIB to invest, sources say

New Delhi: Indian food delivery giant Swiggy has slashed its IPO valuation again, to $11.3 billion, 25 per cent below the initial goal of $15 billion as market volatility and the lacklustre debut of Hyundai India weigh on sentiment, two sources said on Sunday.