Swiggy CEO Majety opts out of Amazon-Walmart India quick commerce spending war
Sriharsha Majety signals Swiggy will not match Flipkart and Reliance Retail's aggressive delivery-speed and discount outlays, prioritizing Instamart profitability and a clear path to investor returns over land-grab expansion in India's contested quick commerce market.
Swiggy CEO Sriharsha Majety says the company will not match Flipkart and Reliance Retail's aggressive delivery-speed and discount spending in quick commerce, prioritizing profitability for Instamart and a clear investor path over rapid expansion.