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Bloomberg Television

How fast can #India’s Swiggy deliver groceries? #tech 😍

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swiggy is taking a swing at India’s red hot stock market with a $1.3 billion IPO the e-commerce company is in the business of lightning fast Grocery and food deliveries faster than door Dash in the US so we are going to put it to the test it is now 9:00 a.m. in Mumbai and I’m placing an order for cottage cheese and hand wash on swig’s instamart app next the order goes to one of swig’s dark stores there are many warehouses positioned across neighborhoods there are nearly 600 of them across major Indian cities and they help make swiy nimbler on deliveries employees here are trained to quickly pack the goods and hand them over to Gig workers who are on standby at the dark store the items then make their way to the customer’s doorstep mine arrived in about 8 minutes but asies workers race to deliver the goods complaints are filing up over MISD deliveries or meals that arrived cold its business model also relies on hundreds of thousands of gig workers whose contracts and Welfare are being scrutinized by labor groups calling for more regulation swig’s IPO comes at a time when India’s stock market is sizzling but inflation and unemployment are also starting to sap consumer sentiment still quick Commerce could Skyrocket into a 53 billion Market by 2028 from $2.8 billion last year

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