Swiggy Valuation Sizzles with 13% Increase

  • Popular food delivery platform Swiggy's valuation has seen a healthy rise of 13%.
  • This increase puts Swiggy's worth at a staggering $12.1 billion, up from $10.7 billion in its last funding round.
  • The boost comes from US-based asset management firm Baron Capital raising the fair value of its stake in Swiggy.
  • This positive development comes amidst reports of Swiggy planning an Initial Public Offering (IPO) in mid-2024.
  • The surge in valuation reflects investor confidence in the Indian food delivery market and Swiggy's position as a major player.

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