Swiggy Nears $700 Million Fundraise in Invesco-Led Round

Indian food delivery service Swiggy is raising $600 million to $700 million in a round led by Invesco that’s due to close this month, according to people with knowledge of the matter.

While Invesco will pour in $200 million, other existing investors such as Softbank Group Corp. will also participate, the people said, asking not to be identified as the details are private. The deal values Swiggy, formally known as Bundl Technologies Pvt., at about $10.5 billion, they added.