Indian food delivery startup Swiggy is in talks to raise over $500 million in a new financing round that could value it at over $10 billion, two sources familiar with the matter told TechCrunch.
Atlanta-headquartered Invesco is in talks to lead — or co-lead — the new financing round in the Bangalore-based startup, which counts SoftBank Vision Fund 2, Falcon Edge Capital, and Prosus Ventures among its existing investors, sources added.
A deal has not finalized yet so the terms may change, one of them said. Swiggy had no comment on Monday. Indian news outlet CapTable first reported about the fundraise talks.
The new fundraise …
