Swiggy CEO refuses to match Amazon-Flipkart-Reliance quick-commerce cash burn
Sriharsha Majety says Swiggy will sit out the spending war, betting ₹15,000 cr cash pile, Instamart unit-economics gains of 5-6 ppt and private-label fresh grocery can defend share against Blinkit, Amazon Now and Flipkart Minutes.
Swiggy CEO Majety says the company will not match Amazon, Flipkart and Reliance's quick-commerce spending war, prioritizing Instamart profitability, private-label fresh grocery differentiation and unit economics, citing 150 billion rupees cash and improved margins.