News > Swiggy doubles valuation to $10.7 bn in latest fundraise

Swiggy doubles valuation to $10.7 bn in latest fundraise

The Outreach | 24/01/2022 08:21 PM | Click to read full article

Swiggy on Monday said it has raised $700 million led by Invesco, which will be utilised to scale its overall business along with giving a boost to its quick-commerce grocery service Instamart. At a $10.7 billion valuation, Swiggy has joined the list of Indian decacorns (valued at $10 billion and above).

Before Swiggy, India has seen four ‘decacorns’ to date — Flipkart, Paytm, Byju’s and OYO.