Hey I am on Medial • 4m
𝗦𝘄𝗶𝗴𝗴𝘆'𝘀 𝗠𝗮𝗿𝗸𝗲𝘁 𝗖𝗮𝗽 𝗜𝘀 𝗖𝗿𝗮𝘀𝗵𝗶𝗻𝗴 ! • Swiggy’s valuation has fallen below its pre-IPO valuation of $11.3 billion. The current share price is trading at ₹340, resulting in a market cap of approx. $9.4 billion. The peak share price of Swiggy was ₹617. • The main reason behind the decline in market capitalization is the financial results of Q3 FY25. Losses increased by 39% to ₹799 crores, and expenses increased by 32%, reaching ₹4,898 crores. • A significant portion of these expenses is due to the increase in the number of dark stores for Swiggy Instamart’s expansion. The company added 96 new dark stores to compete with Blinkit, Zepto, and Flipkart’s ‘Minutes’. • As Swiggy's Competitor , Zomato reported 5405 crores in revenue with profit of 59 Crores.
Hey I am on Medial • 7m
Quick Commerce: Investment Highlights • Swiggy is planning to invest ₹1,600 crores in its subsidiary Scootsy. This funding helps Scootsy enhance operational capabilities and expand dark stores. • Similarly, Zomato plans to raise $1 billion through
See MoreHey I am on Medial • 8m
Swiggy IPO: Is It Worth It? • Swiggy 's IPO will open between November 6th and November 8th, aiming to raise 11700 crores at a valuation of $11.3 billion. • The share price is between 371 and 390 rupees per share. The offering includes fresh issue
See MoreDon't Give Up ⤴ • 8m
Blinkit The company has made several of its employees to sign an addendum to their contracts, extending their notice period from zero to two months. It is pertinent to note that over the last six months, quick commerce players have expanded operat
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