Swiggy’s value is reduced by Invesco to $8 billion from $10.7 billion

Swiggy’s value is reduced by Invesco to $8 billion from $10.7 billion.

After receiving funding from Invesco in January 2022, Swiggy had risen to the position of most valuable Indian startup. Swiggy, a platform for food delivery.

[{"selector":"#anim-626e2e8e-ef9d-47d3-ab3f-e9ac0f7437bd","keyframes":{"opacity":[1,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-24013abb-2fd9-4fc7-b755-1d2b0d9c8abc","keyframes":{"transform":["scale(3)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

Swiggy’s value is reduced by Invesco to $8 billion from $10.7 billion.

[{"selector":"#anim-03d0939f-56f3-4f45-a245-4f3b998cb72c","keyframes":{"opacity":[1,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-358e854d-6f7b-453c-a681-8595ce6726ff","keyframes":{"transform":["scale(3)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

Privately held businesses with a value greater than $10 billion are known as decacorns.

[{"selector":"#anim-1433fc83-d857-4e15-bd56-537cb3d4b181","keyframes":{"opacity":[1,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-b6f7db86-70dd-4ffa-8292-81910b4471ac","keyframes":{"transform":["scale(3)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]