NEW DELHI: Food delivery giant Swiggy is the fourth startup in India to become a decacorn after it raised $700 million in a round led by Atlanta-based investment company, Invesco.
A decacorn is a startup business with a valuation of over $10 billion. The current round which has valued Swiggy at around $10.7 billion witnessed participation from a slew of new investors including Baron Capital Group, Sumeru Venture, IIFL AMC Late Stage Tech Fund, Kotak and Axis Growth Avenues.
