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SWIGGY CUT COSTS
Why Amazon has struggled to crack IndiaAmazon's India strategy is changing: under new leadership, the company is focusing on profitability over rapid growth. This shift comes as ...- Listed new-age internet firms brace for a costly ride as war clouds mathThe March quarter was largely stable for companies, with most firms reporting revenue growth in line with expectations and improving operat...
- Swiggy CEO Sriharsha Majety vows to stay out of Amazon-Ambani spending warSwiggy is prioritizing profitability over rapid expansion. The company will not match rivals like Flipkart and Reliance Retail's aggressive...
- QSR chains face margin pressure, not demand shock: Karan Taurani on fuel and LPG impactRising fuel and LPG prices are impacting India's consumption landscape unevenly. While some sectors like QSR face margin compression due to...
- Eating out or ordering online may soon cost more: Food services set to become 5–10% costlier starting next week amid fuel price hikeEating out and ordering food will soon cost more. Fuel prices have increased, impacting restaurant costs. This will lead to a 5-10% rise in...
- Quick commerce turns the corner; Karan Taurani picks Eternal, Trent, and Nykaa as top consumption betsIndia's consumption sector is changing. Companies are now focusing on profits, not just growth. Quick commerce players like Blinkit are lea...
- Swiggy, Urban Company report Q4 losses; Zepto gets IPO nodNew-age companies Swiggy and Urban Company closed the March quarter in the red, even as revenues surged. This and more in today's ETtech To...
- Fish, meat & West Bengal elections: It’s about money and not politicsWest Bengal Elections BJP vs TMC: Political campaigns in West Bengal are creatively using fish and meat, staples of Bengali culture, to con...
- Revamped Tata Neu to bet on loyalty, financial services: Tata Digital CEO Sajith SivanandanTata Digital is pivoting Tata Neu from a broad commerce aggregator to a loyalty-led financial services platform, focusing on payments, inve...
- Layoffs hit tech, GCCs; Startups rewrite summer rulesHappy Wednesday! Tech and GCC talent are facing more layoffs as they move up the value chain and integrate into global operations. This and...
- Intense quick commerce competition ahead? UBS cuts Eternal, Swiggy’s target prices but sees attractive valuationsUBS reduced its FY27-29 quick commerce NOV estimates by 7-11% for Blinkit, and GOV estimates by 17-22% for Instamart.
- ETtech Explainer: Zomato’s platform fee hike aims at profits to fund quick commerce growthWith around 267 million quarterly orders, even small hikes in these levies are adding meaningful income. The increase comes amid a recovery...
- Swiggy merges InsanelyGood with InstamartInsanelyGood currently operates in Bengaluru only after a scaledown from six cities last year to reduce cash burn. Orders placed on the ser...
- Swiggy to lay off 6% of workforce impacting 400 jobs ahead of IPOSwiggy is set to cut its workforce by 6% affecting 350-400 roles across teams like technology, call centre, and corporate roles, with senio...
- Swiggy to waive commission from new restaurants for a monthSwiggy said restaurant partners can potentially save up to Rs 20,000 through this initiative.
- Swiggy sells cloud kitchen business to Kitchens@Kitchens@ said that after the acquisition, its combined gross merchandise value would be about $65 million, and the company plans to increa...
- Swiggy to trim cloud kitchen team, up to 1,000 jobs at riskThe company plans to reduce its monthly cash burn to less than $5 million in the next few quarters from $40 million in May last year to con...
- Swiggy to trim cloud kitchen team, up to 1,000 jobs at riskThe company plans to reduce its monthly cash burn to less than $5 million in the next few quarters from $40 million in May last year to con...
- Swiggy, Zomato may soon slash discounts to stay fitDiscounts by Swiggy and Zomato will be down at least 40% industry sources say, while cuts at UberEats will be more drastic.
- Swiggy to focus on customer repeats to drive growth as discount-led growth comes downDiscounts by Swiggy and Zomato will be down at least 40%, industry sources say, while cuts at UberEats will be more drastic.
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