We expect very solid growth in the next 3-5 years: Majety

Swiggy on Wednesday said that it is expecting solid growth in the next 3-5 years and plans to expand its geographical footprint and store network for Instamart. It said it has doubled the categories for quick commerce in the last 12 months. “We will continue to invest in various categories,” CEO Sriharsha Majety said post the listing ceremony of Swiggy.

Majety said that Instamart’s average delivery time has reduced over time in big cities from 17 minutes to 12 minutes. He added that the company plans to open bigger dark stores of as much as 8,000-10,000 sq ft.