Grapevine: Swiggy to focus on Instamart; US pension fund delegation in India

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Swiggy will direct a large portion of the proceeds from its upcoming $1.25 billion (Rs 10,490 crore) initial public offering (IPO) to expand its quick commerce unit Instamart, as rivals BlinkIt, Zepto, and BigBasket intensify competition, a media report said.   Swiggy aims to double its network of dark stores, which supply groceries ......