War Chest Or Safety Net?

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The quick commerce race is wide open again. Swiggy finally closed its much-watched INR 10,000 Cr (roughly $1.2 Bn) qualified institutional placement (QIP) and is preparing for its biggest splash after last year’s IPO. 

It marks a critical inflection point for India’s quick commerce battlefield. While Swiggy has framed this capital raise as a war chest for growth, a closer examination of the company’s recent performance — in particular, Instamart — suggests a more nuanced strategy. 

Despite all the talk about building up…



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War Chest Or Safety Net?


The quick commerce race is wide open again. Swiggy finally closed its much-watched INR 10,000 Cr (roughly $1.2 Bn) qualified institutional placement (QIP) and is preparing for its biggest splash after last year’s IPO. 

It marks a critical inflection point for India’s quick commerce battlefield. While Swiggy has framed this capital raise as a war chest for growth, a closer examination of the company’s recent performance — in particular, Instamart — suggests a more nuanced strategy. 

Despite all the talk about building up…



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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