Swiggy - Huge losses in Instamart
Swiggy burning 120 Cr a month on instamart. Would they have needed to fire so many people if they would have fixed their unit economics? Jab Yeh DRHP file karega, tab Zomato ka Stock badhega!
I'm confused honestly. They don't give any discounts on instamart and buying groceries from my local shops is cheaper. So, how come they are operating in losses?
DaringTrain
Stealth
6 months ago
Koi swiggy wala hai idhar to batao bhai?
JohnnyBravo
Stealth
5 months ago
According to leadership the profits for Instamart are dependent on AOV. It's around 300 I guess while for blinkit it's in 400'sh (don't remember the exact no's) source: ex employee was part of Jan layoff.
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