Swiggy CEO compares quick commerce rush to telecom booms warns against mindless spending

The survival lesson he learned from past booms

Swiggy founder Sriharsha Majety says the current quick commerce frenzy mirrors earlier telecom booms, where aggressive spending decided winners and losers. He argues strategic clarity matters most during cycles of heavy investment, and stresses Swiggy is balancing growth with profitability. The goal, he says, is long-term durability, not sacrificing market share for short-term relevance.