Swiggy CEO opts out of Amazon-Ambani cash burn, bets on margins over market share
Sriharsha Majety rules out matching Flipkart Minutes and Reliance's quick-commerce spending blitz, instead leaning on private-label fresh grocery and a Rs 150B cash buffer. Instamart unit economics improved 5-6 ppt even as share slipped ~30%.
Swiggy CEO Majety rejects matching Flipkart and Reliance's quick-commerce spending war, prioritizing profitability and differentiation through private-label fresh grocery. Instamart unit economics improved 5-6 ppt; company holds Rs 150 billion cash buffer.