Invesco

• Swiggy received shareholders' approval to increase fresh issue size to INR 5,000 Cr.
• The foodtech major aims to raise $1.4 Bn through its IPO, at a likely valuation of $15 Bn.
• The IPO will also include an offer for sale component...

• Invesco valued its 28,844 shares of Swiggy at $219.2 Mn as of April 2024, translating to a $12.3 Bn valuation for the foodtech company.
• Pine Labs' valuation was pegged at $3.5 Bn at the end of April 2024, down from $3.8 Bn in January...

Swiggy was valued at $10B a couple of months back. Good luck employees waiting for ESOP buy-back in July 2023. Your shares are now worth half of what it used to be!

https://www.moneycontrol.com/news/business/invesco-cuts-swiggys-valuati...

E.g. https://startupstorymedia.com/insights-swiggy-valuation-cut-by-25-to-8-billion-by-invesco/