Swiggy refuses to match Walmart-Reliance burn in quick commerce
CEO Sriharsha Majety says Instamart will not chase Walmart and Reliance Retail in a discount-led spending war, betting on profitability and private-label fresh grocery differentiation over customer acquisition at any cost — even if it means losing some users.
Swiggy CEO Sriharsha Majety says Instamart will not match Walmart and Reliance Retail's quick-commerce spending war, prioritising profitability and differentiation via private-label fresh grocery over discount-led customer acquisition, even at the cost of losing some users.