Daily Crunch: In its second markdown in 4 months, Invesco slashes Swiggy’s valuation to $5.5B

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Price cut in aisle five: Invesco cuts Indian food delivery giant Swiggy’s valuation to $5.5 billion. In October, the valuation was cut to $8 billion. Manish writes, “The recent valuation reductions bring a fresh perspective to the effects of waning global market conditions on Indian startups”; where

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