Invesco marks up Swiggy’s valuation to $8
时间:2024-06-26 14:22:51 阅读(143)
US-based asset management company Invesco has marked up Swiggy’s fair value for the second time in a row, taking the latest valuation of the food tech aggregator to $8.3 billion, according to a regulatory filing as on October 31, 2023.
According to tracxn data, Invesco holds a 2% stake in Swiggy, which was acquired at a cost of approximately $190.5 million. The total value of Invesco’s 28,844 shares in Swiggy stood at $147.6 million at the end of October 2023, reflecting a fair value of $8.3 billion.
Invesco had acquired a stake in Swiggy in January 2022, leading a $700 million funding round valuing the company at $10.7 billion. However, subsequently it slashed Swiggy’s valuation to $8 billion in September 2022 and further down to $5.5 billion by the end of April 2023.
Though Invesco has marked up the valuation for a second time in a row but at $8.3 billion it still continues to be lower than the $10 billion valuation in January 2022.
Swiggy reported a consolidated loss of Rs 3,629 crore in FY22, while its revenues stood at Rs 5,704.9 crore. Swiggy is gearing up for an initial public offering with an issue size of $1 billion.
上一篇:European shares drop as rate hike jitters weigh; Embracer slips
下一篇:Year Ender 2023 - Indian Railways- Measures taken to improve safety in train operations
猜你喜欢
- Edible oil prices seen stable in short term
- Ontario fund buys 30% in Mahindra arm for Rs 711 cr
- Reliance share price jumps 1% ahead of Q1FY23 results; Mukesh Ambani’s company’s net profit seen rising
- Electronics Mart IPO subscribed 72x on final day
- Paytm shares decline 2 per cent in morning trade
- Equity Funds shine as investors pump close to Rs 20,000 crore in October- AMFI Data
- Reliance Industries, SBI, TCS, ITC among top stock picks; Nifty unlikely to break 17200 support
- Reliance, PNB, Hero MotoCorp, Adani Power, Lupin, Bajaj Electricals, Rail Vikas Nigam stocks in focus
- Paytm shares jump 7% post analyst call