U.S. asset manager Invesco has raised the value of its stake in Swiggy, ascribing an implied valuation of about $13.3 billion to the Indian food-delivery and quick-commerce startup that is on track to go public in about a month.

Invesco has raised the valuation of Swiggy to $13.3 Bn, a jump of 25% from the last fair value recorded by the investor.

BENGALURU: US asset manager Invesco has raised food delivery and quick commerce platform Swiggy's valuation to about $13.3 billion. In its disclosure with the U

This comes days after Swiggy filed an updated red herring prospectus for its upcoming public issue of Rs 10,000 crore. The food delivery company is looking to raise Rs 3,750 crore in fresh capital and OFS of up to 185.