Invesco marks up Swiggy’s valuation to $8
时间:2024-06-26 15:42:56 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.
猜你喜欢
- Sebi amends rules to simplify procedure for transmission of securities
- FII DII data- FPI sold shares worth Rs 2950
- Sebi allows foreign investors to trade in commodity derivatives
- Supplies from Himachal, Uttarakhand disrupted by rains – Elevated tomato prices- No immediate respite seen
- Tax Talk- NRIs must update status on PAN
- Sebi initiates study of MFs’ fees, expenses
- Taiwan share market, South Korea’s Kospi ends in red on Wednesday, 28 Dec; Know top gainers, losers here
- SBI Clerk Prelims Exam 2024- Test for over 8,000 junior associate positions begins today – Check guidelines, shift timings and more
- Sebi clarifies on transaction in corp bonds via Request for Quote platform by AIFs