Latest Updates Around The World
UBS has cut adjusted EBITDA estimates for Eternal (Zomato) by 10-18% and for Swiggy by 12-28% for the next two to three fiscal years, citing increasing competition in India’s fast-trade sector slowing margin recovery. The analyst revisions pose a significant challenge for both platforms as they compete for market share in a segment characterized by […]
Indian equity markets may show renewed cheer on the broader side, but the next decisive step will depend on earnings visibility, currency stability and progress in the India-US trade deal, said Ashi Anand, founder and CEO of IME Capital, who believes that in the near term, markets are likely to remain within a certain range […]
Swiggy’s Rs 10,000 crore qualified institutional placement (QIP) offering opened on Tuesday, December 9, a day after the food delivery and quick-service giant’s shareholders approved the fundraising plan with overwhelming support.In a regulatory filing on December 8, Swiggy announced that the special resolution was passed at the extraordinary general meeting (EGM), with 99.47% of votes […]
India’s food delivery and rapid trading (QC) sectors are entering a new phase of heightened competition after a brief period of rationalization as leading players step up their promotional campaigns and spend to capture market share. However, in contrast to the intense cash burn at the end of FY25, the current cycle is expected to […]
With the clothing market of India, which was expected to surpass $ 109 billion by 2025, swallow is ready to seize the chance in hyperlocal fast-fashion solutions. Slikk, 60 minutes of fashion-delivery platform, has collected $ 10 million in a Serie A-round led by Nexus Venture Partners, with participation in the existing investor light. The […]
