Baron Capital raises Swiggy’s valuation to $12.1 billion; new digital competition law

The US-based asset manager has now marked up the fair value of its holding in Bengaluru-based Swiggy for the third consecutive time. The asset manager’s fund held a stake worth $87.2 million in Swiggy’s parent company as of December 31, 2023, up 17% from $74.4 million a quarter earlier.
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