Swiggy CEO Sriharsha Majety says rival Blinkit has the stronger flywheel, aims to fix basics before expanding

T1Covered by 1 source · first reported by Economic Times — Tech / Technology / Startups / ETTelecom at 22 Oct, 18:47 UTC

He said Swiggy’s priority is a stable business with “the clearest line of sight to Ebitda zero,” and that it would not use its cash reserves to open new fronts simply because the money is available. “I think our first job is to build a stable, resilient business that has the clearest line of sight…

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• T1Swiggy CEO Sriharsha Majety says rival Blinkit has the stronger flywheel, aims to fix basics before expandingEconomic Times — Tech / Technology / Startups / ETTelecom22 Oct, 18:47