Swiggy's annual losses widen 80% to $545 million
Prosus says its share of Swiggy's losses stood at $180 million
Prosus says its share of Swiggy's losses stood at $180 million
Quick commerce players offer the lowest discounts due to their focus on convenience.
According to a recent report by Nuvama Institutional Equities Research, 10% of HUL's ice cream sales in Q2 of FY23 came from quick commerce.
New players like Zepto along with biggies such as Blinkit, Swiggy and Dunzo are ramping up operations with micro warehouses and under 30-minute deliveries. Will their gamble work?