US asset manager Invesco trims Swiggy valuation by nearly half

U.S.-based asset manager Invesco has marked down the valuation of Indian food delivery giant Swiggy’s in its holding to about $5.5 billion, down from $10.7 billion earlier.According to its filings with the US SEC, Invesco has valued Swiggy’s shares at $3,305 as of January 31, 2023, down from $4,759 in October 2022, TechCrunch reported.