IPO-bound Swiggy’s losses over Rs 2,000 crore in FY24; revenue up 36% y-o-y
Swiggy’s FY24 financial report indicates a substantial reduction in net losses by 44%, bringing them down to Rs 2,350 crore. Revenue from operations saw a notable increase of 36%, reaching Rs 11,247 crore. The company credits this growth to higher demand and supply factors and the rapid expansion of its quick commerce business Instamart.