Invesco marks up Swiggy’s valuation to $8.3 billion

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.