Swiggy CEO Sriharsha Majety says company won’t join Amazon-Flipkart spending war
Swiggy CEO Sriharsha Majety has said the company will avoid engaging in an aggressive spending battle with rivals Amazon and Flipkart, choosing instead to focus on profitability and long-term customer retention in India's increasingly competitive quick-commerce market. Speaking to Bloomberg, Majety said Swiggy is unwilling to chase short-term market share gains through excessive discounts and rapid expansion, even as deep-pocketed…
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