Not pitting ourselves against anyone else's cash burn: Swiggy CEO

Swiggy CEO Sriharsha Majety has said the food delivery startup was not pitting itself against the cash burn of any competitor. Swiggy and Zomato had reportedly spent $30-40 million a month on discounts and promotions. While Zomato nearly halved its cash burn as of October, Majety said Swiggy has also trimmed it, with its food delivery segment moving towards profitability.