Swiggy To Begin Instamart Inventory Model Transition, Eyes Pivot Within Three Quarters
AI Summary
Over two months after attaining the IOCC (Indian-Owned and Controlled Company) tag, Swiggy announced that it will shortly commence transitioning its quick commerce business, Instamart, to an inventory-led model. In its Q2 shareholders letter, the company announced that it will pivot Instamart to the inventory model by mid-Q3 FY27. The transition is expected to take 2-3 quarters to complete.
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