- Swiggy (Food-ordering and instant grocery delivery platform) has signed a $700 million funding round led by asset manager Invesco.
- With this, the total valuation of Swiggy has reached to $10.7 billion i.e. it is now a decacorn.
- A decacorn is a startup with a valuation of more than $10 billion.
Points to remember:
- Swiggy has recently become a _______?- decacorn
- Decacorn is a startup with valuation of more than _____?- $10 billion
Source: economic times
Extra Point:
Unicorn: The term is for startups that have a valuation of over 1 billion dollars.
Decacorn: And startups that exceed the valuation of $10 billion are called decacorns.
Hectocorn: The entities with over $100 billion valuation are hectocorns.