What Lies Ahead For Swiggy Instamart After Tepid Q3?

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You have to spend money to make money, goes a popular saying and Swiggy seems to be swearing by it. 

Last week, the Bengaluru-based consumer services giant announced its Q3 results, and ever since then, the startup’s share price has nosedived, even reaching a 52-week low. The market seems to have punished the 10-year-old company due to the increase in overall losses, even as revenue growth was muted for Instamart, Swiggy’s growth bet. 

The stock has declined over 12% since the foodtech major reported weaker-than-expected earnings in…



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What Lies Ahead For Swiggy Instamart After Tepid Q3?


You have to spend money to make money, goes a popular saying and Swiggy seems to be swearing by it. 

Last week, the Bengaluru-based consumer services giant announced its Q3 results, and ever since then, the startup’s share price has nosedived, even reaching a 52-week low. The market seems to have punished the 10-year-old company due to the increase in overall losses, even as revenue growth was muted for Instamart, Swiggy’s growth bet. 

The stock has declined over 12% since the foodtech major reported weaker-than-expected earnings in…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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