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Swiggy just lost $3 billion in valuation
https://www.moneycontrol.com/news/business/invesco-cuts-swiggys-valuation-to-5-3-bn-internally-as-tech-stocks-plunge-10344851.html/ampOpen linkhttps://www.moneycontrol.com/news/business/invesco-cuts-swiggys-valuation-to-5-3-bn-internally-as-tech-stocks-plunge-10344851.html/ampOpen link
They are losing 400cr a yr. Guess the investors finally figured out giving infinite discounts isn't profitable in the long term