Food-ordering and instant grocery delivery platform, Swiggy has signed a $700 million funding round led by asset manager Invesco. With this, the total valuation of Swiggy has reached to $10.7 billion i.e. it is now a decacorn. A decacorn is a startup with a valuation of more than $10 billion. Swiggy’s latest valuation is almost double that of Zomato before the latter went for its initial public offering. Zomato was valued at $5.4 billion before its IPO.
Buy Prime Test Series for all Banking, SSC, Insurance & other exams
Bengaluru-based Swiggy has overtaken budget hospitality company Oyo, whose valuation dropped to $8 billion in 2020 from $10 billion in 2019, and then increased to $9 billion in 2021. Swiggy has overtaken sports technology company Dream Sports, the parent firm of fantasy sports platform Dream11. This investment in Swiggy comes at a time when the adoption of food and online grocery is accelerating and consumer demand for Swiggy’s many services continues to grow.
The Reserve Bank of India (RBI) got permission from the Indian Government to roll out…
The e-Zero FIR system has been introduced by the Gujarat Government to facilitate cyber financial…
Gujarat has secured its position as a frontrunner among India’s states with Geographical Indication (GI)…
On 29th July, 2026 International Tiger Day will be observed worldwide, to raise the global…
In July 2026, Sarnath got included in the UNESCO World Heritage List which helped Uttar…
The Ministry of Education, headed by the Education Minister of India, is one of the…