Instamart to double dark stores by March
Business Standard|December 04, 2024
At the consolidated group level, food and grocery delivery firm Swiggy expects to achieve positive adjusted Ebitda (Earnings before interest, taxes, depreciation, and amortisation) by Q3FY26 (Oct-Dec 2025), said SRIHARSHA MAJETY, managing director (MD) and group chief executive officer (CEO) of Swiggy, and ROHIT KAPOOR, CEO of its food marketplace. In a video interview with Peerzada Abrar and Aryaman Gupta, Majety said he is expecting to see a new wave of opportunities for the quick commerce business. Edited excerpts:
SRIHARSHA MAJETY and ROHIT KAPOOR
Instamart to double dark stores by March

How do you see food delivery and quick commerce (qcom) services evolving and having an impact on revenues?

Majety: A lot of the transformation plans that have been there are starting to show up. Our delivery speeds are at their fastest in multiple cities. Swiggy Instamart plans to double its dark store count by March 2025 (from 523 in March 2024). The active dark store area will grow over 2.5 times year-on-year to reach 4 million square feet by March 2025. It will also allow us to finish our transformation. We have operated as a grocery-first business for the first few years of our journey. But now we would see more assortment, which opens a new wave of selection.

この記事は Business Standard の December 04, 2024 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。

この記事は Business Standard の December 04, 2024 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。

BUSINESS STANDARDのその他の記事すべて表示
PhonePe eyes replicating UPI success via diversification
Business Standard

PhonePe eyes replicating UPI success via diversification

Fintech major PhonePe is strengthening its presence across key financial verticals—payments, lending, insurance, and wealth management—as it aims to replicate its success in the Unified Payments Interface (UPI) space across other domains.

time-read
2 分  |
December 05, 2024
Business Standard

Akasa Air seeks DGCA exemption from fog mandate

Akasa Air has asked the Directorate General of Civil Aviation (DGCA) to exempt it from deploying CAT-III trained pilots on flights to and from two major fog-affected airports, Kolkata and Bengaluru, for specific periods, since there is a shortage of such pilots in its roster, sources told Business Standard.

time-read
2 分  |
December 05, 2024
Hope govt brings down tax burden on aerated beverage category: IBA
Business Standard

Hope govt brings down tax burden on aerated beverage category: IBA

The Indian Beverage Association (IBA) on Wednesday said it is hopeful that the 12 per cent cess on the carbonated beverages category is waived off in 2026, bringing down the tax on the category to 28 per cent.

time-read
1 min  |
December 05, 2024
Hero rides sub-₹1 lakh e2W wave with Vida V2
Business Standard

Hero rides sub-₹1 lakh e2W wave with Vida V2

Competition heats up in this space

time-read
2 分  |
December 05, 2024
Paints not a commodity play; brand plays a key role
Business Standard

Paints not a commodity play; brand plays a key role

Competition is intensifying in the decorative paints segment. Berger Paints India, the country's second-largest paint manufacturer, plans to hold on to its share in the face of challenges. Abhijit Roy, managing director and chief executive officer of Berger, spoke to Ishita Ayan Dutt in Kolkata about his 100-year-old company's plans and why price is \"not the only game in town\" in the industry. Edited excerpts:

time-read
3 分  |
December 05, 2024
42 and counting: Dhoni top scorer on the brand pitch
Business Standard

42 and counting: Dhoni top scorer on the brand pitch

At 43, Mahendra Singh Dhoni remains the crown jewel of Indian brand endorsements, defying the twilight of his cricketing career.

time-read
3 分  |
December 05, 2024
Business Standard

Sebi: Not mandatory for specified digital platforms to register

The Securities and Exchange Board of India (Sebi) on Wednesday clarified that specified digital platforms (SDPs) are not required to register with the market regulator.

time-read
1 min  |
December 05, 2024
Charging up at Honda: Elevate-like EV for FY27 rollout
Business Standard

Charging up at Honda: Elevate-like EV for FY27 rollout

Honda Cars India (HCIL) plans to launch three new models in India in 2026-27 (FY27), including its first electric car (e-car), President and Chief Executive Officer (CEO) Takuya Tsumura told Business Standard on Wednesday.

time-read
3 分  |
December 05, 2024
Israel looking for collaboration with India Inc, startups
Business Standard

Israel looking for collaboration with India Inc, startups

As Israel and India work on deepening their trade relations, a high-profile delegation of Israeli chief executives, led by that country's economy and industry minister, Nir Barkat, is scheduled to visit India in January.

time-read
2 分  |
December 05, 2024
Direct plans make up 40% of SIPs now
Business Standard

Direct plans make up 40% of SIPs now

Online investment platforms are rapidly reshaping the mutual fund (MF) distribution landscape.

time-read
2 分  |
December 05, 2024