Swiggy: “I keep repeating to my team that we are very small right now. I remember speaking to a one of the entrepreneurs who started a samosa business and she mentioned to me there are a few crore samosas sold in India every day. If I look at my platform today, we are not even scratching the surface there.”
Byjus and its lenders have reached an agreement to lock in the new terms for the $1.2 billion term loan B by August 3, according to a statement from the steering committee of the lenders group – confirming ETtechs newsbreak from earlier on Monday.
Kapoor, who was the global chief marketing officer at Oyo before joining Swiggy last August, told ET that both growth and profitability are significant for Swiggy, and the food business can expand by around 20% annually.