Swiggy turns decacorn with valuation of $10.7 billion

Swiggy (Food-ordering and instant grocery delivery platform) has signed a $700 million funding round led by asset manager Invesco.

The latest capital infusion has nearly doubled Swiggy’s valuation to $10.7 billion, making it a decacorn, said two people aware of the deal details. A decacorn is a moniker for startups valued at over $10 billion. The company was valued at $5.5 billion earlier.