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For The First Time Ever, Swiggy Turns Profitable! Even Zomato Founder Congratulates Swiggy - Trak in - Indian Business of Tech, Mobile & Startups

For The First Time Ever, Swiggy Turns Profitable! Even Zomato Founder Congratulates Swiggy - Trak in - Indian Business of Tech, Mobile & Startups
trak.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from trak.in Daily Mail and Mail on Sunday newspapers.

Sriharsha majetyDeepinder goyalFirst time everSwiggy turnsEven zomato founder congratulates swiggyNew yearZomato owned blinkit

Swiggy Achieves Profitability in Food Delivery Business, CEO Sriharsha Majety Shares Success Story

Swiggy, one of India's leading food delivery platforms, has achieved profitability in its food delivery business, less than nine years since its inception. CEO Sriharsha Majety attributes this milestone to the company's focus on innovation and efficiency. Despite facing intense competition and regulatory scrutiny, Swiggy remains optimistic about its future and aims to reach contribution neutrality in the coming weeks.

Sriharsha majetyZomato owned blinkit

Blinkit Q4: AOV Continues To Decline, Other Operational Metrics See Uptick

Quick commerce platform Blinkit’s AOV declined 6% to INR 522 in Q4 FY23 from INR 553 in the previous quarter.

Albinder dhindsaZomato owned blinkitHopes of trimming

Swiggy Reports Profitability In March

The company, which also offers grocery delivery services, recorded a wider loss for the financial year 2021-22 on a surge in expenses, , Swiggy

Sriharsha majetyEconomic timesZomato owned blinkit

Swiggy s food delivery biz turns profitable in March, excluding ESOP costs

According to Sriharsha Majety, the company’s quick commerce segment Instamart is on track to become contribution-margin break-even in the next few weeks.

Deepinder goyalSriharsha majetyGurugram based zomatoBaron capitalZomato owned blinkitReliance funded dunzoFood deliveryAdjusted ebitda

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