What Lies Ahead For Swiggy Instamart After Tepid Q3?

You have to spend money to make money, goes a popular saying and Swiggy seems to be swearing by it. 

Last week, the Bengaluru-based consumer services giant announced its Q3 results, and ever since then, the startup’s share price has nosedived, even reaching a 52-week low. The market seems to have punished the 10-year-old company due to the increase in overall losses, even as revenue growth was muted for Instamart, Swiggy’s growth bet. 

The stock has declined over 12% since the foodtech major reported weaker-than-expected earnings in…