US-based fund manager Invesco marks up Swiggy’s valuation to $8.3 billion

US-based fund manager Invesco has marked up the valuation of initial public offering (IPO)-bound Swiggy to $8.3 billion as on October 31, 2023, according to its regulatory filing.

Invesco’s 28,844 shares (around 2 per cent stake according to market intelligence firm Tracxn) in the Bengaluru-based food delivery major were valued at $147.63 million at the end of October. This translates into an overall valuation of $8.3 billion. The fund manager’s earlier mark-up of its shares in October, after back-to-back cuts, had valued Swiggy at $7.85 billion.