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Vaibhav Babruwan Shingde

Studentย โ€ขย 3m

๐—ฆ๐˜„๐—ถ๐—ด๐—ด๐˜†'๐˜€ ๐— ๐—ฎ๐—ฟ๐—ธ๐—ฒ๐˜ ๐—–๐—ฎ๐—ฝ ๐—œ๐˜€ ๐—–๐—ฟ๐—ฎ๐˜€๐—ต๐—ถ๐—ป๐—ด ! โ€ข Swiggyโ€™s valuation has fallen below its pre-IPO valuation of $11.3 billion. The current share price is trading at โ‚น340, resulting in a market cap of approx. $9.4 billion. The peak share price of Swiggy was โ‚น617. โ€ข The main reason behind the decline in market capitalization is the financial results of Q3 FY25. Losses increased by 39% to โ‚น799 crores, and expenses increased by 32%, reaching โ‚น4,898 crores. โ€ข A significant portion of these expenses is due to the increase in the number of dark stores for Swiggy Instamartโ€™s expansion. The company added 96 new dark stores to compete with Blinkit, Zepto, and Flipkartโ€™s โ€˜Minutesโ€™. โ€ข As Swiggy's Competitor , Zomato reported 5405 crores in revenue with profit of 59 Crores.

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