Quick commerce is a cash-guzzler, but Swiggy is unfazed
Bengaluru: Growth investments being made into Swiggy’s quick commerce arm Instamart will mature over time as the firm works ...
Swiggy management confident of EBITDA profitability by Q3 FY26
Swiggy aims for EBITDA profitability by Q3 FY26, driven by food delivery growth and quick commerce breakeven. The quick ...
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Swiggy eyes strong growth in quick commerce and store expansions in the fourth quarter
Swiggy’s Chief Financial Officer, Rahul Bothra, stated that Bolt, launched in October, now contributes nearly 9% of the company’s total food delivery volume..
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Swiggy's quick commerce profit margins hurt as expansion, discounts take precedence
While Swiggy saw improvement in its core food delivery business, its quick commerce arm witnessed lower margins as dark store ...
Sam Altman speaks to ET; Swiggy losses widen
OpenAIs chief Sam Altman told ET that the company will adjust products and pricing to tackle competition, including Chinas ...
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Swiggy's Q3 loss widens by 39% as quick commerce expenses pile up
December quarter, Swiggy witnessed a stable increase in topline as well as an increase in expenses, dragging its P&L further ...
Swiggy’s Q3FY25 net loss widens to Rs 799 cr amid rising capex, revenue up 31%
Swiggy's net loss expanded to Rs 799 crore in Q3FY25 due to increased capex on warehousing and dark stores. Revenue grew 31% ...