Food delivery major Swiggy to debut on stock market on Wednesday

Q: How long will it take to read this news story?

The story "Food delivery major Swiggy to debut on stock market on Wednesday" has 433 words across 22 sentences, which will take approximately 2 - 4 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "Food delivery major Swiggy to debut on stock market on Wednesday" was covered 1 weeks ago by Business Standard, a news publisher based in India.

Q: How trustworthy is 'Business Standard' news outlet?

Business Standard is a fully independent (privately-owned) news outlet established in 1975 that covers mostly business and finance news. The outlet is headquartered in India and publishes an average of 327 news stories per day. It's most recent story was published 2 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #23552866</li><li>URL: https://beamstart.com/news/food-delivery-major-swiggy-to-17314134674739</li></ul>

Business Standard Logo Business Standard 1w ago

Food delivery major Swiggy to debut on stock market on Wednesday - Business Standard

Quick Summary:

It will use these proceeds for the expansion of its dark store network, investment in technology and cloud infrastructure, brand marketing, business promotion, and funding inorganic growth.

In FY24, Swiggy’s loss narrowed to Rs 2,350 crore from Rs 4,179 crore in FY23.

Swiggy’s listing comes at a time when the domestic markets are under intense selling pressure due to earnings disappointment and a sharp sell-off by overseas funds.