{"id":862560,"date":"2024-10-03T09:16:45","date_gmt":"2024-10-03T03:46:45","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=862560"},"modified":"2024-10-03T09:35:37","modified_gmt":"2024-10-03T04:05:37","slug":"invesco-raises-swiggys-valuation-to-13-3-billion","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/10\/03\/invesco-raises-swiggys-valuation-to-13-3-billion\/","title":{"rendered":"Invesco raises Swiggy&#8217;s valuation to $13.3 billion"},"content":{"rendered":"<p>BENGALURU: US asset manager Invesco has raised food delivery and quick commerce platform Swiggy&#8217;s valuation to about $13.3 billion. In its disclosure with the US SEC (Securities Exchange Commission), Invesco&#8217;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. <\/p>\n<p>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.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>BENGALURU: US asset manager Invesco has raised food delivery and quick commerce platform Swiggy&#8217;s valuation to about $13.3 billion. In its disclosure with the US SEC (Securities Exchange Commission), Invesco&#8217;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.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[75,4,17],"tags":[],"class_list":["post-862560","post","type-post","status-publish","format-standard","hentry","category-it-2-the-new-indian-express","category-newspapers","category-the-new-indian-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/862560","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=862560"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/862560\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=862560"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=862560"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=862560"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}