Swiggy’s food delivery business is already profitable, while Instamart is expected to achieve contribution margin break-even by mid-next fiscal. EBITDA break-even for Instamart will take longer, said Gaurav Malhotra, ED of Axis Capital.
Swiggy’s food delivery business is already profitable, while Instamart is expected to achieve contribution margin break-even by mid-next fiscal. EBITDA break-even for Instamart will take longer, said Gaurav Malhotra, ED of Axis Capital.