DaringTrain
DaringTrain

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!

Post image
7mo ago
BusyChurn67
BusyChurn67

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
DaringTrain

Koi swiggy wala hai idhar to batao bhai?

JohnnyBravo
JohnnyBravo

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.

Discover more
Curated from across