Swiggy Anticipates Operating Profit by Late 2025 Despite Losses Fueled by Instamart Growth
20 days ago
Swiggy, the renowned online food delivery service from India, has recently reported a significant financial downturn primarily attributed to its fast-growing grocery arm, Instamart. In a disclosure, the company stated it expects to reach operating profitability by the end of 2025, amid ongoing investments to bolster its market presence.
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Just Eat Takeaway Faces Decline in Third-Quarter Orders Amidst US Demand Challenges
2 months ago
Just Eat Takeaway, the global food delivery giant, has reported a significant decrease in orders during the third quarter of 2024. This downturn has been predominantly attributed to a faltering demand in the United States, raising concerns about the company's performance and strategic direction moving forward.
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