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Swiggy sells its cloud kitchen business to rationalise costs

Swiggy sells its cloud kitchen business to rationalise costs

Mar 04, 2023, at 06:12 am

Mumbai: Food delivery platform Swiggy announced on Thursday that it has completed a share-swap agreement with Kitchens@ to sell its cloud kitchen business, Swiggy Access. This decision was made as part of the company's cost-cutting measures, which included laying off 380 employees due to a lack of funding opportunities, The Financial Express reported.