food delivery business

All is well with Zomato

Swiggy has filed a draft red herring prospectus (DRHP) to raise USD 1.2bn (offer for sale [OFS] and fresh issue) via the IPO route on September 26, 2024; we have tried to assess business growth prospects of food and quick commerce (qCommerce), and its impact on Zomato (ZOMATO IN, Buy, CMP: INR 282, TP: INR […]