Bengaluru-based food delivery aggregator and grocery shopping unicorn Swiggy is testing a possible doubling of its platform fee from ₹5 to ₹10 per food order, as per a Moneycontrol report. The competitive landscape includes Zomato, which initially stated no intention to introduce a platform fee but later followed Swiggy's path. Earlier in October last year, Swiggy hiked the platform fee …
Invesco, a US-based asset management company, has recently raised the valuation of food delivery aggregator Swiggy to $8.3 billion, for the second consecutive time, regulatory filing said. In April of the same year, Invesco reduced Swiggy's valuation to $8 billion, down from the previous $10.7 billion, as global tech stocks faced a downturn. Consequently, Invesco reported that Swiggy's valuation stood …
US investment firm Invesco, which led Swiggy’s previous funding round, has marked down the food delivery giant’s valuation by 33 per cent from $8.2 billion to about $5.5 billion, according to a filing. In January last year, Swiggy raised $700 million in Invesco-led funding, which made the outfit a decacorn, almost doubling its valuation to $10.7 billion. Last year in …
