Hey I am on Medialย โขย 6m
๐ฆ๐๐ถ๐ด๐ด๐'๐ ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐๐ฎ๐ฝ ๐๐ ๐๐ฟ๐ฎ๐๐ต๐ถ๐ป๐ด ! โข Swiggyโs valuation has fallen below its pre-IPO valuation of $11.3 billion. The current share price is trading at โน340, resulting in a market cap of approx. $9.4 billion. The peak share price of Swiggy was โน617. โข The main reason behind the decline in market capitalization is the financial results of Q3 FY25. Losses increased by 39% to โน799 crores, and expenses increased by 32%, reaching โน4,898 crores. โข A significant portion of these expenses is due to the increase in the number of dark stores for Swiggy Instamartโs expansion. The company added 96 new dark stores to compete with Blinkit, Zepto, and Flipkartโs โMinutesโ. โข As Swiggy's Competitor , Zomato reported 5405 crores in revenue with profit of 59 Crores.
Hey I am on Medialย โขย 8m
Quick Commerce: Investment Highlights โข Swiggy is planning to invest โน1,600 crores in its subsidiary Scootsy. This funding helps Scootsy enhance operational capabilities and expand dark stores. โข Similarly, Zomato plans to raise $1 billion through
See MoreHey I am on Medialย โขย 10m
Swiggy IPO: Is It Worth It? โข Swiggy 's IPO will open between November 6th and November 8th, aiming to raise 11700 crores at a valuation of $11.3 billion. โข The share price is between 371 and 390 rupees per share. The offering includes fresh issue
See Moreย โขย
Set2Scoreย โขย 12m
๐๐ฎ๐ฟ๐ธ ๐๐๐ผ๐ฟ๐ฒ๐ ๐๏ธ Dark stores are a type of retail distribution center or warehouse that primarily cater to online shopping, particularly for groceries and other fast-moving consumer goods (FMCG). They are called "dark" because they are not
See MoreDon't Give Up โคดย โขย 10m
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
See MoreDownload the medial app to read full posts, comements and news.