Swiggy needs a much larger fund raise of more than $500 million to support its long-term ambitions in quick commerce. Till this hangover is lifted, JM Financial believes the stock is unlikely to deliver meaningful returns to shareholders.
Swiggy needs a much larger fund raise of more than $500 million to support its long-term ambitions in quick commerce. Till this hangover is lifted, JM Financial believes the stock is unlikely to deliver meaningful returns to shareholders.