Swiggy losses: Swiggy loss widens to Rs 799 crore in Q3, Instamart margins hit amid competition

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Swiggy reported a 31% growth in operating revenue at Rs 3,993 crore for the December quarter, even as its losses widened to Rs 799 crore from Rs 574 crore a year ago. The losses increased largely on account of investments in its quick commerce business, which has also seen rising competition from Blinkit and Zepto. This led to pressure on margins, as the contribution margin for the quick commerce business fell to -4.6% in Q3FY25 from -1.9% in Q2FY25. The Bengaluru-based firm’s food delivery business saw gross order value (GOV) grow 19.2% YoY to Rs…



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Swiggy losses: Swiggy loss widens to Rs 799 crore in Q3, Instamart margins hit amid competition


Swiggy reported a 31% growth in operating revenue at Rs 3,993 crore for the December quarter, even as its losses widened to Rs 799 crore from Rs 574 crore a year ago. The losses increased largely on account of investments in its quick commerce business, which has also seen rising competition from Blinkit and Zepto. This led to pressure on margins, as the contribution margin for the quick commerce business fell to -4.6% in Q3FY25 from -1.9% in Q2FY25. The Bengaluru-based firm’s food delivery business saw gross order value (GOV) grow 19.2% YoY to Rs…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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