š¦šš¶š“š“š'š š š®šæšøš²š šš®š½ šš ššæš®ššµš¶š»š“ ! ā¢ Swiggyās valuation has fallen below its pre-IPO valuation of $11.3 billion. The current share price is trading at ā¹340, resulting in a market cap of approx. $9.4 billion. The peak share price of Swiggy was ā¹617. ā¢ The main reason behind the decline in market capitalization is the financial results of Q3 FY25. Losses increased by 39% to ā¹799 crores, and expenses increased by 32%, reaching ā¹4,898 crores. ā¢ A significant portion of these expenses is due to the increase in the number of dark stores for Swiggy Instamartās expansion. The company added 96 new dark stores to compete with Blinkit, Zepto, and Flipkartās āMinutesā. ā¢ As Swiggy's Competitor , Zomato reported 5405 crores in revenue with profit of 59 Crores.
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