Swiggy’s new investors in for a long, wild ride
Ahead of its IPO, the startup is at its most vulnerable. With a quick commerce mainstay that trails Zomato’s Blinkit by a distance—and is burning cash to play catch-up—profits will clearly have to wait.
29 September, 2024•12 min
0
29 September, 2024•12 min
0
More in Internet
Internet
Are credit repair startups preying on the vulnerable, shielded by the rating’s opacity?
The country’s post-pandemic credit boom has given rise to a number of companies offering to clean up borrowers’ credit reports. But no one’s paying attention to the most fundamental risks these businesses pose.
You may also like
Business
WeWork India: the IPO that could have been so much more
The co-working giant’s initial public offering is a missed opportunity that prioritizes promoter interests at the expense of incoming shareholders. Given this, the tepid investor interest is no surprise.
Business
LG Electronics says hello to Dalal Street
The South Korean giant’s India IPO is finally happening. Here are the top five things you should know before investing.
Internet
Keeta lands in the Emirates with a bang
An impending shake-up of food delivery, HDFC Bank’s foreign troubles and Saudi Arabia’s rent freeze.