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Repair common Windows errors and clear accumulated junk for a smoother, more stable PC - no reinstall needed.Free scan · no reinstallSwiggy closed a $700 million Series K financing led by Invesco on January 24, 2022. Contemporaneous reports put the deal valuation at $10.7 billion, citing people familiar with the transaction; Swiggy confirmed the financing, not an audited valuation figure. The $10.7 billion figure describes that 2022 deal, not Swiggy’s current valuation.
How much did Swiggy raise, and who led the round?
The company announced the closing of a $700 million Series K on January 24, 2022, with Invesco as lead investor. The Economic Times reported the closing based on Swiggy’s confirmation. TechCrunch’s January 24 report and The Economic Times’ January 25 report both covered the round.
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Other participating investors
Reports named a mix of new and existing investors. TechCrunch listed Baron Capital Group, Sumeru Ventures, IIFL AMC Late Stage Tech Fund, Kotak, Axis, Sixteenth Street Capital, Ghisallo, Smile Group and Segantii Capital among the participants. Existing backers Prosus, Alpha Wave Global, Qatar Investment Authority and ARK Impact also participated. Investor-name spellings vary slightly across contemporary accounts.
What did the $10.7 billion valuation mean?
Contemporary reporting attributed the $10.7 billion figure to people familiar with the transaction. TechCrunch cited a source familiar with the matter, while The Economic Times cited two people aware of deal details. It is therefore best understood as the reported valuation attached to the financing, not a valuation Swiggy publicly audited or independently established in its announcement.
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For historical comparison, TechCrunch reported that Swiggy had been valued at $5.5 billion in July 2021. Those figures describe reported valuations at two separate private financing rounds. They do not establish a valuation methodology, an investment return, a current company valuation or a public-market share price.
Why was Instamart part of the funding story?
Swiggy was building Instamart, its quick-commerce service, alongside its food-delivery business. The Economic Times reported that co-founder and chief executive Sriharsha Majety said Swiggy was committing $700 million to Instamart, describing plans to expand into more categories. That was a separate business commitment—not the definition of the $700 million raised in the Series K.
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Majety told The Economic Times: “We will double down on this to build more categories in line with our mission of offering unparalleled convenience to Indian consumers.” Invesco Developing Markets Fund chief investment officer Justin Leverenz described the investment as a long-term bet on companies with potential for structural growth.
Independent reader supportYour contribution helps us test, update, and keep practical guides available for everyone.What happened after the 2022 financing?
In a December 2025 corporate release, Swiggy identified itself as Swiggy Limited, with BSE and NSE identifiers, and said it had completed a ₹10,000 crore qualified institutional placement (QIP). This is a later capital-raising event, distinct from the 2022 Series K. The release does not state a current valuation. Swiggy’s corporate site published the later update.
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- Google Play gift codes can be used on the Google Play Store, the official app store for Android, to purchase apps, games, and more.
- To redeem, enter code in the Play Store app or play.google.com.
- Endless games to explore: Find and play old and new favorites – from mind-bending puzzles to epic quests and more.
- Just the app you’re looking for: Millions of apps means millions of ways to get things done, learn something new, and maybe even meet someone special.
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- Visa Virtual eGift Cards are designed for online use only. Gift Cards are subject to Terms and Conditions: a.co/5bw3qXJ
- When you access your Visa Virtual eGift Card for the first time, you’ll need to register your name, address, phone number, and email address via activationspot.com. These details should also be used as your billing address for online purchases, as many merchants require address verification for purchase authorization.
- This Visa Virtual eGift Card is non-reloadable. No cash or ATM access. Visa Virtual eGift Cards are emailed active.
- Funds do not expire but your Visa Virtual eGift Card has a ‘valid thru’ date (9 years from date of purchase). If funds remain after this date has passed, please call the Toll Free number found on your Visa Virtual eGift Card for a replacement card. A one-time purchase fee applies at the time of checkout.
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