QIP, IPO, Bubble. Why Swiggy, Zepto, and Blinkit see...
Swiggy just raised a billion dollars in its IPO last year. Now it needs another ₹10,000 crores. That's not a great sign.On Two by Two this week, hosts Praveen Gopal Krishnan and Rohin Dharmakumar try to make sense of the chaos in India's quick commerce space. Joining them are Ashwin Mehta, head of research at Ambit Capital, and Anand Kalyanaraman, finance editor at The Ken.Here's what happened: Zepto suddenly dropped all fees, forcing Swiggy to scramble and match. Blinkit's CEO is out there
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