Swiggy cuts IPO valuation again, to $11.3b; BlackRock, CPPIB to invest: report

Swiggy cuts IPO valuation again, to $11.3b; BlackRock, CPPIB to invest: report

Indian food delivery giant Swiggy has slashed its IPO valuation again, to $11.3 billion, 25% below the initial goal of $15 billion as market volatility and the lacklustre debut of Hyundai India weigh on sentiment, two sources said on Sunday.

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