Swiggy confident of growth, emphasises strength in consumer insight

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Speaking on the competitive dynamics, Kapoor said that while funding is important, it is not the sole determinant of long-term success, referencing examples of well-capitalised players in India who failed to establish a lasting presence.

In an interview to PTI, CEO Food of Swiggy, Rohit Kapoor, acknowledged the possibility of the entry of Jio into the hyperlocal delivery market as a competitor, but underscored that building a successful business in this sector requires more than just capital.

Swiggy remained optimistic of growth in quick commerce amid growing competition from deep pocket players and said it has grown amid intense competition over the past decade, an official said on Thursday.

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Category: BusinessFinance

Markets: India

Topics: Swiggy result Swiggy IPO Swiggy funding Swiggy

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-07 @ 17:05:13 (9 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 514 words

Reading Time: 3 minutes read

Sentences: 14 lines

Sentence Length: 37 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 23460558

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