Swiggy sees profitability a year away as fierce competition prompts infra investment

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Swiggy sees profitability a year away as fierce competition prompts infra investment - YourStory

Quick Summary:

Swiggy is bullish on its 10-min food delivery and dark store expansion as advertising bucks and scale efficiencies improves unit economics.

All of that is factored in our overall guidance of CM (contribution margin) breakeven in another four quarters, or the December quarter of 2025,” explained Rahul Bothra, Chief Financial Officer at Swiggy.

Moreover, it is also focusing on unlocking new use cases for users with home-cooked meal delivery service Daily, corporate accounts, and Bolt.“So, one of two things could be that these (food delivery, quick commerce and dine out) sectors are more insulated from some of the slowdown discussion that is happening.