Gopal Srinivasan, Chairman of TVS Capital Funds, criticizes the sustainability of India's quick-commerce sector, led by Zomato and Swiggy, as reliant on private equity without long-term viability.

Like rival Zomato, which recently changed its name to Eternal, did with Blinkit, Swiggy has ramped up investments in quick-commerce arm Instamart. Both aim to deliver goods ranging from groceries ...