Swiggy Instamart CEO: "Won't throw good money at bad growth" amid 'irrational' competition
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News18•29-01-2026, 23:04
Swiggy Instamart CEO: "Won't throw good money at bad growth" amid 'irrational' competition
- •Swiggy Instamart CEO Amitesh Jha stated the company will not pursue 'bad growth' driven by unsustainable discounts.
- •The statement comes as Swiggy's losses surged to Rs 1,065 crore in the December 2025 quarter, with Instamart contributing Rs 908 crore.
- •Jha criticized 'irrational' competition offering heavy discounts, emphasizing a shift towards customer retention, increased basket size, and operational efficiency.
- •Despite a 54% revenue increase, Swiggy's losses grew by 33%, highlighting the challenge of profitability due to high expenses on dark stores and delivery.
- •Swiggy, with 1,136 dark stores and Rs 13,000 crore cash, aims for 'disciplined growth' and sustainability over a discount-driven volume race against rivals like Blinkit and Zepto.
Why It Matters: Swiggy Instamart is prioritizing sustainable, disciplined growth over discount-driven volume amid rising losses and 'irrational' competition.
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