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Vaibhav Babruwan Shingde

Stealth • 8h

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.

0 replies4 likes

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