Swiggy's valuation crosses $10Bn again. After going as low as $5.5Bn last year. A small note:
"Only when the tide goes out do you discover who's been swimming naked." - Warren Buffet I want to appreciate Swiggy for whatever they've done in the last year. Everyone's had a tough time, and through the bear market (which we are still in), everyone lost valuation majorly. You need to have a super strong business to be able to maintain strength (given we're still not in a bull). When in this market, somebody almost doubles their valuation, it's a feat. I know there's layoffs and everything that happened there too, but just happy to see all of this happen as an avid user and a small founder who's realized how tough it's been these last 1-2 years.
Royalflush
Stealth
8 months ago
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Swiggy's valuation in it's best shape before the impending IPO
Baron Capital, an investor in Indian food delivery startup Swiggy, has increased the value of its stake in the Indian firm, implying a valua...
https://techcrunch.com/2024/03/08/baron-values-swiggy-at-12-16b-above-prior-private-market-valuation/