Swiggy may slash workforce after 2-fold rise in losses
Image Credit: FPJ
The Indian startup ecosystem has been hit by strikes and criticism over working conditions of delivery partners and drivers. Swiggy is among only three Indian startups which are paying sustainable minimum wage to gig workers on contract. But it seems that the food delivery giant is struggling to sustain its own business, as its losses have surged to Rs 3,629 crore in FY22, which is a two-fold increase.