The shares of these two leading food aggregators, Swiggy and Eternal Delivery aggregators are down by 2.5 percent and 2 percent respectively, after Rapido announced its foray into the food delivery business. In this article, we will discuss about this announcement in...
During Tuesday’s trading session, shares of India’s pioneering on-demand convenience platform moved down by nearly 7.3 percent to hit a new 52-week low at Rs. 297 on BSE. With a market cap of Rs. 75,719.6 crores, at 10:23 a.m., the shares of Swiggy Limited were...
Swiggy made its debut at Rs. 412 with a modest listing gain of 5.64 percent from its IPO price of Rs. 390. Following its listing, it experienced a strong rally and went up to Rs. 617, up 49.75 percent from its listing price. However, despite trading at elevated...
A leading food delivery and quick commerce giant in India has revealed its path to profitability, projecting positive earnings by late 2025. Despite widening losses attributed to core operations and infrastructure investments, the company shows promising growth in...
The food delivery and quick grocery business in India has seen tremendous growth in recent years, driven by changing consumer habits, urbanization, and a growing preference for convenience. Companies like Swiggy and Zomato dominate the food delivery landscape,...
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