Swiggy Shuts Its Cloud Kitchen Brand The Bowl Company In Delhi-NCR

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The story "Swiggy Shuts Its Cloud Kitchen Brand The Bowl Company In Delhi-NCR" was covered 2 months ago by Inc42, a news publisher based in India.

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Inc42 2 mo ago

Quick Summary:

As losses mount, foodtech giant Swiggy has discontinued its cloud kitchen brand, The Bowl Company, in Delhi-NCR.

This comes even as rising inflation and increasing fuel prices continue to eat into the margins of the foodtech company.

The biggest concern has been losses which, according to Prosus, stood at around $315 Mn (INR 2,570 Cr) in the first half of the financial year 2022-23 (FY23).