Swiggy Shares Plunge Amidst Lock-In Expiry and Rising Competition

• Swiggy's shares dropped 5% as the lock-in period for anchor investors expired, allowing 6.5 crore shares to trade.
• Amazon's entry into quick commerce in India intensifies competition, posing risks to Swiggy's growth targets.
• Despite the challenges, Swiggy's CEO remains optimistic about solid growth and expansion in the next 3-5 years.

Source: Times Now News, Business News India