Rs 9,000 crore wiped out in a day: Why Swiggy investors are losing patience with Instamart
viaeconomictimes.indiatimes.com23 Oct
Swiggy shares plunged on Friday, wiping out around ₹9,000 crore in market value as widening Instamart losses overshadowed food delivery growth. Following Q2 results, brokerages cut their price targets, citing deteriorating quick-commerce profitability. Instamart’s adjusted EBITDA loss widened to…
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