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Invesco marks up valuation of Swiggy
January 05, 2024
|Mint Mumbai
Global investment firm Invesco, one of the investors in food delivery startup Swiggy, has marked up the valuation of the company to $8.5 billion (about ₹70,759 crore) in its latest regulatory filings, documents reviewed by Mint shows.
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The SEC filings made by Invesco shows Bundl Technologies, the parent company of Swiggy being revalued upwards to $8.5 billion, ahead of the company's plans to list on Indian bourses. The filings show that Invesco values its 28,844 shares in the foodtech company at $147.63 million at the end of October 2023, essentially valuing it at more than $8.5 billion. News website Entrackr first broke the story on Thursday.
It was last valued at $10.7 billion when it raised $700 million in a funding round in 2022. The company is looking at a valuation of over $10 billion for its listing where it plans to raise more than a billion dollars via offer for sale and fresh issuance, as per people with knowledge of the development.
هذه القصة من طبعة January 05, 2024 من Mint Mumbai.
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