Swiggy's stock fell to $4.29 on February 6, below its $4.45 IPO price, after hitting $7.04 in December, as quarterly results showed Instamart lost marketshare (Manish Singh/TechCrunch)

Manish Singh / TechCrunch:
Swiggy's stock fell to $4.29 on February 6, below its $4.45 IPO price, after hitting $7.04 in December, as quarterly results showed Instamart lost marketshare  —  Indian food delivery company Swiggy's stock fell below both its IPO price and its last private valuation as mounting losses …

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