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Economic Times

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Morgan Stanley sees Swiggy recovering Qcommerce share despite huge spends widening losses

  • Brokerage house Morgan Stanley is optimistic about Swiggy’s quick commerce business despite widening losses.
  • Swiggy's quick delivery business, Instamart, saw a significant increase in gross order value but also reported an increased adjusted Ebitda loss.
  • Morgan Stanley believes Swiggy is prepared to handle competition in the quick commerce segment and protect its market share.
  • The brokerage raised its estimates for the total addressable market of quick commerce and expects Swiggy to benefit from its investments in infrastructure to drive growth.

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