Food delivery unicorn Swiggy plans to lay off around 500 cloud kitchen staff, mostly contractual employees, as it looks to conserve cash and increase its runway, according to multiple people familiar with the development.
Start your deal-making journey now!
Subscribe now to enjoy unlimited access at just $59.
Premium coverage on private equity, venture capital, and startups in Asia.
Exclusive scoops from our reporters in nine key markets.
In-depth interviews with industry leaders shaping the ecosystem.
Already a Subscriber? Log in
Contact us for corporate subscriptions at email@example.com