Swiggy Raises $700 M; Valuation Crosses $10.7 bn
The New Indian Express Chennai|January 25, 2022
Food delivery giant Swiggy on Monday raised $700 million in new funding led by Invesco. With this funding, Swiggy has become a decacorn as valuation crossed over $10.7 billion. Start-ups that exceed $10 billion valuation are called decacorns.

New investors such as Baron Capital Group, Sumeru Venture, IIFL AMC Late Stage Tech Fund, Kotak, Axis Growth Avenues AIF- I and Sixteenth Street Capital, among others, participated in the round.

Apart from Swiggy, edtech giant Byju’s is the most valuable start-up with $21 billion.

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