Invesco slashes Swiggy’s valuation by half to $5.5 billion

Invesco, which led Swiggy’s previous round, has downgraded the Indian food delivery giant’s valuation of its stake to about $5.5 billion, according to a filing. This revised valuation, as of January 31, 2023, represents a striking 48.6% drop from the $10.7 billion valuation Invesco previously attributed to the startup in a funding round the Atlanta-headquartered … Read more

Why founders ‘need to keep running’

Are you a seed stage founder building a unicorn? NFX Founding Partner James Currier wants to save you some time: startups that grow into billion-dollar companies have three basic forms of resilience. Network Effects: Your product becomes more valuable as more people use it. Embedding: Integrate your services so deeply that customers can’t take them … Read more