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Acquired in desperation, the restaurant discovery and table reservation platform has largely been a forgotten enterprise inside Swiggy. That may be about to change.

Investors eager to ride India’s quick-commerce boom are already losing confidence in Swiggy. A Rs 7,300* crore war chest and little urgency, its restraint is starting to hurt.
Amid an irrational competition brewing in India’s quick-commerce sector, the food and grocery delivery company seems to be taking a far more conservative approach compared to its peers, despite having Rs 16,000 crore in the bank.
Who’s going to lead the IPO party, what’s going to drive the market, where are some of the leading businesses headed, and more.