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Swiggy turns decacorn, raises $700 Mn round led by Invesco

Shortpedia

Content Team
Image Credit: shortpedia

Food delivery and quick commerce segments are poised to heat up as Swiggy has raised $700 million in a round led by Invesco. New investors including Baron Capital Group, Sumeru Venture, IIFL AMC Late Stage Tech Fund, Kotak, Axis Growth Avenues AIF- I, Sixteenth Street Capital, Ghisallo, Smile Group and Segantii Capital have joined the new round.