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Indian Food Delivery Company fell below the last quarter of Swiggy’s shareholder and the last quarter, as well as the last quarter.
The shares of the food delivery company decreased by 394.80 ($ 4.29) in the lower section of November 394.80, up to $ 9.75 billion, before receiving the IPO price level to $ 9.75 billion. After the quarterly consequences of Swiggy this week, after the exchange, the rapid trade work revealed the market share of Instamart.
There was a decision to increase the number of competitors growing rapidly to accelerate market share and accelerate marketing costs.
The exchange’s reaction said that last year, the world’s largest technological IPO and winning a private assessment of a $ 10.7 billion company in early 2022. 617.
Meanwhile, the opponent Zomato’s rapid trade section blinkit quarterly general order value of 78 billion ($ 890 million), about double Instamart ₹ 39.1 billion ($ 446 million). On the annual basis, the total order value of InstaMart is $ 3.7 billion in the total order value of $ 1.8 billion and the opponent is $ 3 billion.
Bank of American analysts said that the competition among rapid trade companies said they expect the competition to continue on the beginning of 2025. Swiggy, in the quarter of the quarter, 96 dark shops, for a total of 705 seats in the country, but 2,216 stores were added to 216 stores for a total of 1,007. Zepto, according to a person with direct knowledge of the issue, Zepto silently set up a network to more than 950 stores.
What makes the current dynamics is particularly difficult, the best companies are the mass war chests. All of the main fast trading platforms have a strong financial support, ensure that high marketing costs and expansion costs will continue to last for a long time.
However, Swiggy’s 82 billion ($ 936 million) is less than the 190 billion ($ 2.2 billion), although Swiggy has managed to increase the average order value in rapid trade compared to 534 (6.10) in the previous quarter.
Zepto, $ 1.35 billion last year, has not yet been placed.
