US investor Baron Capital marks down Swiggy’s valuation by 34% to $7.1 billion in latest filing
29 October 2024
A fund managed by US-based asset management firm Baron Capital Group has marked down its valuation of food and grocery delivery platform Swiggy by 34% to $7.1 billion as of December 2022, regulatory filings with the US Securities and Exchange Commission (SEC) show.
Baron Capital’s periodical filing for the December 2022 reporting period was submitted in March.
The investor had participated in Swiggy’s January 2022 funding round, when the Bengaluru-based startup raised $700 million at a valuation of $10.7 billion.
A fund managed by US-based asset management firm Baron Capital Group has marked down its valuation of food and grocery delivery platform Swiggy by 34% to $7.1 billion as of December 2022, regulatory filings with the US Securities and Exchange Commission (SEC) show. Baron Capital’s periodical filing for the December 2022 reporting period was submitted in March. The investor had participated in Swiggy’s January 2022 funding round, when the Bengaluru-based startup raised $700 million at a valuation of $10.7 billion.
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