Zomato share price falls 4% after Swiggy files IPO DRHP with Sebi

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Zomato share price falls 4% after Swiggy files IPO DRHP with Sebi - Business Standard

Quick Summary:

Swiggy's IPO move had investors buzzing about the competitive landscape in the food delivery market as Zomato's scrip slipped up to 3.64 per cent to an intraday low of Rs 273.50 per share.

The GOV for Instamart surged to Rs 8,068.5 crore for FY24, marking a solid 57.6 per cent growth year-on-year.

Swiggy reported impressive financials for FY24, with consolidated operating revenue reaching Rs 11,247.4 crore—up 36 per cent year-on-year (Y-o-Y).