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Joined December 2017
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Zomato will be reporting a loss without this. Well, in the battle of Swiggy vs Zomato, many say Zomato is winning, but the reality is more nuanced. Here's a thread breaking down the numbers and what they really mean.
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Swiggy's 36% revenue growth is impressive in a competitive market. They're catching up - now only 7.7% behind Zomato in revenue. The 44% reduction in losses shows Swiggy is improving efficiency. They're moving in the right direction, even if not profitable yet.
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Key takeaways: - Zomato's profit relies on non-operational income - Swiggy's growing fast and improving efficiency - Both still working towards operational profitability - The market remains highly competitive
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2/ 🚀 September 2019: Byju's becomes the official sponsor of the Indian cricket team, marking a significant milestone. #Byjus #CricketSponsorship
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10/ 📉 July 2024: Byju's faces allegations of failing to deposit TDS with the government since July 2022. This non-compliance adds to its legal woes and could lead to severe penalties. #TaxCompliance #LegalIssues
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End of thread. Note to investors investing in new IPOs. Be aware of financial stability, governance practices, & legal standing of the companies. Many companies do creative accounting to show profits to gain trust of the investors. Follow @venture_mirror for unbiased reporting
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