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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
Quick-commerce burn is Swiggy’s Achilles heel. It is unlikely the company can burn its way through to market leadership or defend its share. Unless Blinkit or Zepto make a mistake.
On Wednesday, Swiggy released its December-quarter earnings numbers after market hours. While revenue came mostly in line with the market expectations, losses were worse than anticipated. The food delivery and quick-commerce company reported a consolidated net loss of Rs 799 crore, up 28% sequentially and around 39% from last year. It clocked a revenue from operations of Rs 3,993 crore, up 11% from the September quarter and 31% from the year-ago period.
What did not come as a surprise was the performance of Swiggy’s food delivery business. The company reported adjusted revenue of Rs 1,860 crore in the core food …
The contrasting approaches are driven by two very different strategies. One wants to capture more markets; the other is focused on discipline and profits.
India’s grocery and food delivery platforms are increasingly displaying misleading images of food using artificial intelligence, defeating the very purpose of buying online.
The Walmart-owned e-commerce company has entered microdramas and food delivery. Is it thinking long-term or just chasing a trend?
