Demand for food delivery has turned India’s Swiggy into a decacorn

Demand for food delivery has turned India’s Swiggy into a decacorn

India has got a new member in its super-elite decacorn club. On Jan. 25, Softbank-backed food-tech firm Swiggy announced closing a $700-million funding round led by asset manager Invesco. The company said it is now valued at $10.7 billion, up from $5.5 billion, becoming the latest firm to enter India’s decacorn club.