Can Swiggy’s High Valuation Stand Up To The IPO Test? Here’s What Grey Market Indicates
In July 2021, when Zomato filed for its IPO, there was no precedent for the food delivery market. Zomato had recorded a loss of INR 886 Cr in FY21 and was not profitable, a critical consideration for investors looking at a fresh IPO. Despite all misgivings, the market sentiment for [...]