Swiggy needs $500 mn war chest for quick commerce battle: JM Financial (Soban News)

JM Financial downgraded Swiggy citing widening losses and balance sheet stress, warning the firm needs over $500 million to sustain Instamart against Blinkit’s rapid expansion​JM Financial downgraded Swiggy citing widening losses and balance sheet stress, warning the firm needs over $500 million to sustain Instamart against Blinkit’s rapid expansion ​Latest News [ SOBAN NEWS: International and National ]