Comprehension
Read the following passage and answer the questions that follow:
In a boost for Swiggy, its US-based investor Invesco has yet again marked up the startup’s valuation.
Regulatory filings made with the US SEC showed that the asset manager valued the food delivery company at about \(\$8.3\) billion as of October 31, 2023. This is higher than the valuation of \(\$7.8\) billion that Invesco had ascribed the Bengaluru-based firm in its earlier markup at the end of July.
With this recent markup, Invesco has raised the startup’s valuation for a second straight time. The firm held about 2% stake in Swiggy as of November 2023, data sourced from market research firm Tracxn showed. The valuation boost is a positive development for Swiggy, which is understood to be preparing for a public market debut. The latest valuation, however, is lower than the firm’s peak valuation of \(\$10.7\) billion at which it had raised \(\$700\) million from investors led by Invesco in January 2022.
Amid a funding winter and strict investor vigilance, Swiggy had faced valuation markdowns by investors last year, with Invesco having slashed its valuation to \(\$5.5\) billion (as of January 2023)
In a boost for Swiggy, its US-based investor Invesco has yet again marked up the startup’s valuation.
Regulatory filings made with the US SEC showed that the asset manager valued the food delivery company at about \(\$8.3\) billion as of October 31, 2023. This is higher than the valuation of \(\$7.8\) billion that Invesco had ascribed the Bengaluru-based firm in its earlier markup at the end of July.
With this recent markup, Invesco has raised the startup’s valuation for a second straight time. The firm held about 2% stake in Swiggy as of November 2023, data sourced from market research firm Tracxn showed. The valuation boost is a positive development for Swiggy, which is understood to be preparing for a public market debut. The latest valuation, however, is lower than the firm’s peak valuation of \(\$10.7\) billion at which it had raised \(\$700\) million from investors led by Invesco in January 2022.
Amid a funding winter and strict investor vigilance, Swiggy had faced valuation markdowns by investors last year, with Invesco having slashed its valuation to \(\$5.5\) billion (as of January 2023)
Question: 1
The factor that will contribute positively to Swiggy’s public market debut is:
The factor that will contribute positively to Swiggy’s public market debut is:
Show Hint
In questions asking for contributing factors, focus on elements directly linked to growth or positive developments as stated in the passage.
- Raising funds from investors
- Regulatory filings made with the US SEC.
- Strict investor vigilance
- Valuation markup
Hide Solution
Verified By Collegedunia
The Correct Option is D
Solution and Explanation
The passage mentions that the valuation boost (markup) is a positive development for Swiggy, especially as it is preparing for its public market debut. This factor would contribute positively to Swiggy's debut.
Was this answer helpful?
0
0
Question: 2
Another term used for Invesco in the passage is:
Another term used for Invesco in the passage is:
Show Hint
Pay attention to descriptive terms used for specific entities in the passage to accurately identify their role.
- Food delivery company
- Startup
- Asset manager
- Market research firm
Hide Solution
Verified By Collegedunia
The Correct Option is C
Solution and Explanation
Invesco is referred to as an asset manager in the passage, as it is the entity that marked up Swiggy’s valuation.
Was this answer helpful?
0
0
Question: 3
Invesco invested in Swiggy in:
Invesco invested in Swiggy in:
Show Hint
For questions asking about dates, carefully read the passage for specific mentions of the time of events.
- October 2023
- November 2023
- January 2022
- January 2023
Hide Solution
Verified By Collegedunia
The Correct Option is C
Solution and Explanation
The passage mentions that Invesco led Swiggy’s investment round in January 2022, where Swiggy raised \$700 million.
Was this answer helpful?
0
0
Question: 4
The valuation of Swiggy when it took investments was:
The valuation of Swiggy when it took investments was:
Show Hint
When identifying valuation or financial data, pay attention to when the event took place to match the correct number.
- \$8.3 billion
- \$7.8 billion
- \$10.7 billion
- \$5.5 billion
Hide Solution
Verified By Collegedunia
The Correct Option is C
Solution and Explanation
Swiggy's peak valuation, when it raised \$700 million from investors led by Invesco, was \$10.7 billion in January 2022.
Was this answer helpful?
0
0
Question: 5
The closest synonym for ‘vigilance’ is:
The closest synonym for ‘vigilance’ is:
Show Hint
When selecting synonyms, focus on words with similar meanings, especially when related to the context in the passage.
- Watchfulness
- Valuation
- Interest
- Resilience
Hide Solution
Verified By Collegedunia
The Correct Option is A
Solution and Explanation
The closest synonym for “vigilance” in this context is watchfulness, as vigilance refers to careful attention or monitoring.
Was this answer helpful?
0
0
Top Questions on Reading Comprehension
- Complete the following sentence suitably with reference to paragraph 3.
One significant advantage of humour is that it helps one ....... .- CBSE CLASS XII - 2025
- English Core
- Reading Comprehension
- How does the author prove in paragraph 1 that a sense of humour is a double-edged sword?
- CBSE CLASS XII - 2025
- English Core
- Reading Comprehension
- Cite two evidences from the text to show that gender bias is still a hindrance in the progress of women in society.
- CBSE CLASS XII - 2025
- English Core
- Reading Comprehension
- With reference to the table, state one reason for entrepreneurship being the last preference among Indian youth.
- CBSE CLASS XII - 2025
- English Core
- Reading Comprehension
- Complete the analogy with one word from paragraph 6:
Advantage: benefit :: ________: anger- CBSE CLASS XII - 2025
- English Core
- Reading Comprehension
View More Questions