Quick losses

Swiggy falls to record low as q-commerce margins erode

NEW DELHI: Shares of Swiggy, online food delivery and quick-commerce firm, fell to a record low recently after wider losses in its quick-commerce business renewed concerns over cash burn and the company’s path to profitability. Swiggy, Amazon, Flipkart and Zomato parent Eternal have poured ⁠billions of dollars into quick-commerce market, where players such as Elternal’s…

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