US investors slash Byju’s and Swiggy valuation

March 31, 2023
Posted by: AliensFaith
Category: OBJECTIVE PRESS

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Some of the biggest Indian startups are taking a haircut in their valuations as their backers adjust their estimates amid the weakening global economy.

BlackRock has cut the valuation of Byju’s, which is India’s most valuable startup at $22 billion, to nearly half at $11.5 billion, according to filings seen by TechCrunch. Indian news outlet The Arc first reported about the valuation cut.

Swiggy, India’s most valuable food delivery startup at $10.7 billion, has been marked down to a valuation of about $8 billion by Invesco, according to disclosures by the U.S. fund seen by TechCrunch.

More to follow.

US investors slash Byju’s and Swiggy valuation by Manish Singh originally published on TechCrunch

Author: AliensFaith

HighTech FinTech researcher, university lecturer & Scholar. He is studying his second doctoral degree at the Hague International University. Studying different fields of Sciences gave him a broad understanding of various aspects of life. His recent researches covered AI, Machine-learning & Automation concepts. The Information Technology Skills & Knowledge gave his company a higher position over other regional high-tech consultancy services. The other qualities and activities which can describe him are a Hobbyist Programmer, Achiever, Strategic Thinker, Futuristic person, and Frequent Traveler.

US investors slash Byju’s and Swiggy valuation

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