Synopsis
To go toe to toe with privately held Zepto’s spending spree isn’t something that its publicly listed competitors would want to do. But what options do they have?
Today, Swiggy hit the lowest since its listing three months ago. That was a sharp 40% slide from its peak in December. It has recovered from its all-time low intraday but is still trading significantly lower than the issue price. Bigger and profitable, its direct rival – Zomato – has a different profile in public markets. Evidently a breakout stock in recent years, Zomato also experienced a 25% decline from its peak two months ago. For both
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