Passionate Swing Trader| 21 | #VCP Follower |Stages Analysis ||Active Learner |Disciple of Mark Minervini | A girl on the way to create her milestone ๐ฏ
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Day 1
๐ โ4 Trading Truths Dailyโ โ A New Series
Just 4 lines a dayโฆ
But enough wisdom to change the way you trade.
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7/
Swiggy continued to grow by empowering small restaurants and local businesses.
Its partnerships and trust-building efforts helped it scale faster while maintaining quality and reliability. ๐ค
10/
Swiggyโs story is more than just a business case study.
Itโs a testament to how vision, innovation, and customer focus can drive unprecedented success.
From the streets of Bengaluru to becoming a global leader โ Swiggy has truly created history, one delivery at a time. ๐
6/
When the world came to a halt during COVID-19 in 2020, Swiggy didnโt stop.
It launched Instamart, delivering groceries and essentials in under 15 minutes.
This move marked Swiggyโs entry into quick commerce, a booming segment. ๐โโ๏ธ
2/
The early days were far from easy.
Many restaurants were hesitant to adopt food delivery.
Swiggy took matters into its own hands, building its own fleet of delivery partners.
Fast deliveries and a real-time tracking system set them apart. ๐ต
5/
2018 was a game-changing year!
Swiggy raised $100 million in funding, solidifying its position as a market leader. ๐ฐ
Despite fierce competition from Zomato and Uber Eats, Swiggy stayed ahead with innovation and customer-centricity.
4/
In 2017, Swiggy launched "Swiggy Access" โ its cloud kitchen initiative.
No longer just a delivery platform, Swiggy started helping restaurants expand and even cooking food under their own brands. ๐ฒ
It offered customers more variety and better quality.
3/
By 2015, Swiggy had expanded beyond Bengaluru, reaching cities like Delhi, Mumbai, Pune, and more.
This was the beginning of India warming up to online food delivery. ๐บ๏ธ
Swiggy was leading the way.
1/
In 2014, when online food delivery was still a new concept in India, three friends from Bengaluru โ Sriharsha Majety, Nandan Reddy, and Rahul Jaiminiโ dared to dream big.
Their mission? To deliver peopleโs favorite food, on time, with convenience. ๐
Thus, Swiggy was born.
6/7
๐ Market Ramifications
For businesses, the GST hike on items like popcorn could lead to either a slight decrease in demand or force them to absorb the cost, potentially reducing profit margins. It's a tricky balance to maintain.
7/7
๐ In Conclusion
The GST on popcorn highlights a broader trend in tax policy targeting indulgence goods to increase revenue. While it may not be a luxury item, the tax is intended to balance both consumption patterns and economic growth. What do you think about this move?
5/7
๐ฐ Impact on Consumers
For moviegoers and snack lovers, this could mean higher prices at the concession stands. This may reduce demand, as the cost of a simple treat adds up when coupled with cinema tickets and other expenses. #ConsumerBehavior#MarketImpact
4/7
๐ Broader Economic Context
In a growing economy, taxes like GST help increase government revenue. While daily essentials like food staples have a lower GST rate, snacks like popcorn are seen as indulgence products, which can carry a higher tax rate to balance the economy.