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.
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