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A tangled mess of related party transactions and misstatements have left the fintech’s investors looking for answers and contemplating legal action.

An NBFC licence and a string of approvals give the fintech firm a fresh shot at relevance. But patchy execution, intense competition and a stagnant core cast doubt on whether it can capitalize on the opportunity.
Investors eager to ride India’s quick-commerce boom are already losing confidence in Swiggy. A Rs 7,300* crore war chest and little urgency, its restraint is starting to hurt.
The regulator’s proposals to introduce checks and safety features in instant payments, if implemented, may end up testing banks.