Quick commerce is a cash-guzzler, but Swiggy is unfazed
Bengaluru: Growth investments being made into Swiggy’s quick commerce arm Instamart will mature over time as the firm works on reducing delivery costs and increasing advertising revenue, according to chief financial officer Rahul Bothra. The firm’s average order value in the October-December quarter was ₹534, up 14% year-on-year, while the cost of fulfilling a delivery
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