Swiggy turns decacorn with valuation of $10.7 billion

Swiggy turns decacorn with valuation of $10.7 billion
  • 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:

  1. Swiggy has recently become a _______?- decacorn
  2. 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.

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