Home  >>  News  >>  Bombay Shaving Company CEO Criticizes Indian Food Delivery Apps' Profitability
Bombay Shaving Company CEO Criticizes Indian Food Delivery Apps' Profitability

Bombay Shaving Company CEO Criticizes Indian Food Delivery Apps' Profitability

Bombay Shaving Company CEO Shantanu Deshpande has raised concerns about the financial struggles of Indian food delivery giants like Zomato, Swiggy, and Zepto. He highlighted that these companies face mounting losses despite massive order volumes and high valuations. Deshpande questioned their profitability models, pointing out the high costs of customer acquisition, delivery logistics, and discounts. He suggested that such businesses may struggle to sustain themselves without consistent profits, even with increased funding.

Trending News