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Aditi
•

Medial • 9m

I'm quite excited for swiggy's upcoming IPO - but they recently brought up possible risks that could lead to loss making in their DRHP which I think is quite important to consider: A) Haven't found locations for their dark stores yet and may run into an unanticipated increase in rent and licensing costs B) Have lost upto 38cr in COD related thefts C) A 50% attrition in '24 - which means that 50 of 100 employees have left the company Don't really know how to feel about these especially considering how cut throat competition is - above it all swiggy is still loss making by a huge margin. Source: CNBC

20 Replies

Replies (20)

Anonymous 5

Hey I am on Medial • 9m

True, me too. better to spend here than coldplay concerts i thought, lol since I didn't get the concert tickets. 🥲

1 Reply

parmar jigar

Hey I am on Medial • 9m

hey

1 Reply

LIKHITH
•

Medial • 9m

Apply only for initial gains 😅

1 Reply

Anonymous 1

Hey I am on Medial • 9m

...and hence the aggressive push on celebrity endorsements...

1 Reply

Anonymous 2

Hey I am on Medial • 9m

The attrition rate is scary, although their operations is way smoother than zomato (in terms of food delivery) Instamart is kind of a burden for them rn, has a lot of potential, but it’s getting most of the losses. Their food delivery business is break even which is a good sign.

Vishal Bileyali

Hey I am on Medial • 5m

yes even I think the same

Lala ji Kanojiya

Hey I am on Medial • 8m

hello I am asking you important topic give me dm you

Adarsh Jagwan

Hey I am on Medial • 8m

Mam you will invest in my company which is in Uttarakhand

SG scum gang gaming

Hey I am on Medial • 8m

The ones who left are also high executive members

Anonymous 4

Hey I am on Medial • 9m

Good to chase the initial high that it will see the first day but I hope you don't stick for long and get stuck in a slump.

Anonymous 3

Hey I am on Medial • 9m

Mil jaye agar toh badhiya, nahi mila toh bhi theek.

PRATHAM
•

Medial • 9m

if thought for the initial gain then definitely worth a try but since They made a huge loss recently so in the long run it wouldn't be good

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