Stephan gives us a time-lapse video of his trip, where he met with many ghost kitchen industry leaders.

“Our expansion reflects the strong demand for premium dining options and we are committed to partnering with more restaurants to provide unique and tempting offers exclusively available on our platform.”

As the macroeconomic environment worsens, Swiggy turns its focus on profitability.

The company caters to B2B and B2C consumers, focusing on intra-city logistics for daily transportation needs. It aggregates the demand from various e-commerce companies, SMEs, FMCG players, cloud kitchens, and other channels.

Since its launch, the company has opened seven kitchen locations in Jakarta where over 300,000 portions have been served.

The decision to close down its operations were based on three considerations, said Singhi “Initially our margins were low, and we focused on growth, we exhausted much of our runway doing that. By the time we improved our margins, the runway was already too tight,” Singhi wrote.