Swiggy’s $10.7B to $7.8B Fall: Baron Capital Slashes Valuation | Startup Crash [FHcwmUWFBrN]
Swiggy has just been marked down again—Baron Capital now values the food delivery giant at $7.8 billion, a 10% drop from its last estimate of $8.5 billion. This is the third major markdown in recent months, following downgrades by Blackrock and Invesco. From a peak of $10.7 billion in January 2022, Swiggy’s valuation slide raises serious questions. While Swiggy struggles, competitor Zomato has seen its shares surge over 20% in the last three months. The contrast couldn't be sharper. Are we witnessing the deflation of India’s unicorn bubble? Will this force Swiggy to accelerate its long-awaited IPO plans? We break down the numbers, the investor sentiment, and what these continuous valuation cuts mean for India’s food tech landscape. Stay ahead of the curve with real-time startup insights. 💬 Drop your thoughts in the comments: is Swiggy still a leader, or is Zomato winning? 🔔 Don’t forget to subscribe and hit the bell for more startup news every week.