Swiggy CEO Sriharsha Majety acknowledged quick commerce rival Blinkit's edge in in building a more resilient business, saying Swiggy must first strengthen its own before pursuing new bets.
“Blinkit enjoys a pretty strong flywheel that has been compounding over the years. That is the reason why they’ve been able to build a more resilient business,” Majety said on the company’s earnings call, responding to an analyst’s question.
