Swiggy Co-founder Puts Margins Over Discounts, Flags ‘Irrational Competition’
Sriharsha Majety says that the recent investments into lower consumer-side monetisation have not yielded the desired incremental order-growth
Sriharsha Majety says that the recent investments into lower consumer-side monetisation have not yielded the desired incremental order-growth
Swiggy trims Q2 loss to Rs 10.92 billion as Instamart’s GOV doubles 108% YoY, driving 54% revenue growth and stronger platform profitability metrics.
Sriharsha Majety notes that Instamart has grown out of the shadow of food delivery as a standalone brand, with its gross order value and user base at over two-thirds of food delivery already
Sriharsha Majety notes that food services account for just 9-12 per cent of total food consumption in India compared to much higher levels in other major economies
Sriharsha Majety explains that the pace will be determined by its expansion of average order value (AOV), take-rates, the nature and quantum of competitive intensity
Sriharsha Majety stated that competitive intensity and dark store rollouts in the sector will remain elevated in the near term, impacting margins temporarily
In a strategic move to cut losses and enhance profitability ahead of its anticipated public listing later this year, Swiggy, the popular food and grocery delivery platform, is reportedly contemplating doubling its platform fee on food orders. The proposed increase would see the platform fee surge from the current Rs 5 to Rs 10 per […]
Radhakishan Damani, the man behind D-Mart, has secured the top spot on the list of self-made entrepreneurs, according to a recent announcement by Hurun, Damani took the top spot with a market capitalisation of Rs 2,38,188 crore. “The company’s success can be attributed to its focus on efficient operations, low-cost business model, and strong customer […]