Swiggy valuation cut again, now less than half its peak $10.7 bn tag

Premium

A US-based public markets investor has again cut its estimate of Indian food delivery unicorn Swiggy's valuation even as the company's main rival, Mumbai-listed Zomato Ltd, has seen a surge in its shares that pushed its market capitalisation above $10 billion this month.  Swiggy is one of several tech startups in ......