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EXPLAINED: Sriharsha majety | Rare Historical Photos

Swiggy targets Rs 10,000 crore in annual adjusted Ebitda in five years

Swiggy aims for ten thousand crore rupees adjusted Ebitda by fiscal year thirty-one. Its food delivery business will contribute five thousand crore rupees to this goal. The quick commerce unit, Instamart, is expected to generate four thousand crore rupees. Swiggy also targets one lakh crore rupees in net order value…

The Economic Times

Swiggy Instamart ropes in ex-Myntra boss Nandita Sinha as q-comm battle heats up

Myntra's former CEO Nandita Sinha will lead Swiggy's Instamart quick commerce business from August 3. She replaces Amitesh Kumar Jha, who resigned on July 28 for other opportunities. Sinha previously led fashion e-commerce platform Myntra since 2022. This leadership change occurs as the quick commerce sector faces intense competition. Rivals…

The Economic Times

ETtech Explainer: Has Swiggy become Indian-owned after a drop in foreign ownership?

The IOCC status will allow Swiggy’s quick commerce arm Instamart to own inventory, thereby improving margins and supply chain control. However, while the foreign shareholding in the company has dropped to less than half, Swiggy has not yet achieved IOCC status.

The Economic Times

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Swiggy CEO on quick commerce space; India’s data centre surge

In an interview, Swiggy group CEO Sriharsha Majety explained the outlook for the quick commerce industry and the shareholder vote hurdle, among other things. This and more in today’s ETtech Top 5.

The Economic Times

ETtech Interview | Quick commerce industry unlikely to sustain as many players as today: Swiggy's Sriharsha Majety

Swiggy CEO Sriharsha Majety believes the quick commerce market is overpopulated and prioritises long-term economics over market share battles. He addressed recent shareholder concerns regarding board appointment rights, emphasising its link to the company's Indian Owned and Controlled Company (IOCC) status.

The Economic Times

Swiggy CEO on failed shareholder vote; Indian firms brace for Mythos

Happy Thursday! Swiggy group CEO Sriharsha Majety opened up about the recent hitch to become an Indian-owned company. This and more in today's ETtech Morning Dispatch.

The Economic Times

Swiggy CEO Sriharsha Majety vows to stay out of Amazon-Ambani spending war

Swiggy is prioritizing profitability over rapid expansion. The company will not match rivals like Flipkart and Reliance Retail's aggressive delivery speed and discount strategies. Swiggy's CEO believes this approach will retain loyal customers. This decision comes amid intense competition in India's fast-growing quick commerce sector. Investors are seeking a clear…

The Economic Times

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No governance issue with shareholder resolution, will hold revote soon: Swiggy group CEO Sriharsha Majety

Swiggy shareholder resolution revote: The resolution sought to amend Swiggy’s articles of association as part of a broader push to become an Indian Owned and Controlled Company (IOCC). It failed to secure the required 75% supermajority from shareholders, falling short by a slim margin at the meeting on May 21.…

The Economic Times

Swiggy says failed shareholder resolution aimed at governance, not founder control

In an exchange filing, the company said the proposed amendments were designed to create a governance structure suited to a company without an identifiable promoter group, while ensuring continuity in management oversight and execution accountability.

The Economic Times

Swiggy appoints 3 independent directors on its board

NEW DELHI: On-demand convenience delivery platform Swiggy on Monday announced appointments of three independent directors, including TAFE chairman and MD Mallika Srinivasan, on its board.

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