Swiggy CEO Prioritizes Profit Over Spending War

Swiggy's CEO has declared the company will resist engaging in the escalating spending war within India's quick commerce sector. Instead of matching the deep pockets of rivals like Amazon and Flipkart, Swiggy will concentrate on achieving profitability. This strategic shift aims to ensure the company's long-term health by focusing on efficient operations and sustainable growth, rather than getting drawn into a potentially damaging price and discount competition that could erode margins for all players involved.