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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
Acquired in desperation, the restaurant discovery and table reservation platform has largely been a forgotten enterprise inside Swiggy. That may be about to change.
Swiggy’s investment in Dineout may finally be paying off. Not only is the restaurant discovery and table reservation platform set to break even in the current fiscal, it might actually prop up its parent’s less than impressive going-out vertical, comprising dining and events.
A far cry from Dineout’s years of bleeding money and changing hands. In fact, even under Swiggy, it has mostly been a forgotten company, despite the former forking out Rs 645 crore on its acquisition back in July 2022.
But, all that may be water under the bridge. Dineout finally seems to be in the right place …
The contrasting approaches are driven by two very different strategies. One wants to capture more markets; the other is focused on discipline and profits.
In light of the recent exits of top executives at Swiggy’s quick commerce business, we look at the reasons behind the departures and whether it’s impacting the business.
Investors eager to ride India’s quick-commerce boom are already losing confidence in Swiggy. A Rs 7,300* crore war chest and little urgency, its restraint is starting to hurt.
