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Expecting very solid growth for next 3-5 years: Swiggy CEO Sriharsha Majety

Economic TimesEconomic Times · 1d
Expecting very solid growth for next 3-5 years: Swiggy CEO Sriharsha Majety

Food delivery and quick-commerce company Swiggy anticipates strong growth in the next 3-5 years. The company plans to expand its geographical presence and stores network for its Instamart business. Swiggy CEO Sriharsha Majety stated that they have doubled the categories for quick commerce in the past year. Following its debut on the stock exchanges, Swiggy's share price rose significantly. The company's IPO received strong demand and its proceeds will be allocated towards technology investment, brand marketing, debt payment, inorganic growth, and general corporate purposes. Swiggy also aims to open larger dark stores and emphasizes compliance with laws and regulations amid a reported CCI probe.

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