Swiggy to deepen Instamart presence as losses widen
Swiggy plans to deepen its Instamart presence in markets where it already operates. The headline says its losses are widening.
ContextContext: Instamart is Swiggy's fast grocery delivery service, and quick-commerce companies often spend heavily to grow, which leads to losses in the early years. Investors watch whether such spending eventually pays off.
Read at Reuters
Burning Potato score: 27%