Swiggy Plans for Instamart Junction Profitability by March 2024

  • Swiggy sets internal target to make Instamart, its grocery delivery unit, profitable by March-April 2024.
  • Achieving profitability could set the stage for Swiggy’s public listing planned for August-September 2024.
  • Efficiency gains reducing consumer acquisition costs and increasing repeat purchases are motivating the profitability targets.
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