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.
More in Internet
You may also like
A changing country: inside India’s instant house help moment
Snabbit, Pronto and Insta Help are pulling in users with speed and low prices. We begin by asking the most basic question: who is this service really for?
Swiggy sounds the alarm bells on quick commerce
Amid an irrational competition brewing in India’s quick-commerce sector, the food and grocery delivery company seems to be taking a far more conservative approach compared to its peers, despite having Rs 16,000 crore in the bank.
Eternal’s leap of faith: exit Goyal, enter Dhindsa
Deepinder Goyal’s handing of Eternal’s reins to Albinder Dhindsa raises uncomfortable questions about timing, risk and whether shareholders are being asked to trust yet another reassuring narrative.