Swiggy CEO says Blinkit has a stronger business model as Instamart posts Rs 895 crore loss
- Swiggy co-founder and CEO Sriharsha Majety told the Q2 FY27 earnings call that rival Blinkit’s model is stronger.
- Blinkit’s net order value was Rs 20,940 crore in the quarter, more than three times Instamart’s Rs 6,553 crore.
- Blinkit runs 2,751 dark stores against Instamart’s 1,240; it earned Rs 184 crore while Instamart lost Rs 895 crore.
- Majety said Swiggy wants Instamart stable and profitable before chasing growth, even if that costs some opportunities.
Source: moneycontrol.com
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