Baron marks up Swiggy valuation to over $15 billion

TNN / Up prior to now: Jun 4, 2024, 06:36 IST

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Baron marks up Swiggy valuation to over $15 billion

MUMBAI: In a clutch for

IPO-certain Swiggy

, its

US-basically based entirely investor

Baron Capital has marked up the company's valuation all as soon as more. Filings made with the US Securities and Swap Payment confirmed that Swiggy has been valued at $15.1 billion as of March 31 by the investor. Right here's about 25% bigger than the $12.1 billion valuation which the company had ascribed to Swiggy as of Dec 31, 2023.
Baron Capital had participated in the Bengaluru-basically based entirely meals transport company's final gargantuan funding round, where it had garnered $700 million from investors led by Invesco at a valuation of $10.7 billion in Jan 2022. Swiggy did no longer comment on the enchancment. The company has filed for draft IPO papers with market regulator Sebi thru the confidential submitting route.

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