Swiggy Q4 Results: Net loss nearly doubles to Rs 1,081 crore despite 45% YoY revenue jump

Share via:


Food delivery platform Swiggy nearly doubled its losses in the fourth quarter to Rs 1,081 crore, compared with Rs 554 crore in the same period last year. Meanwhile, revenue from operations rose 45% year-on-year to Rs 4,410 crore.

Swiggy’s losses widened primarily due to aggressive spending on its quick commerce delivery business, Instamart, as competition from rivals Blinkit and Zepto intensified. The company ramped up investments in customer acquisition, dark store expansion, and marketing to defend its market share, leading to higher operating…



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.

Popular

More Like this

Swiggy Q4 Results: Net loss nearly doubles to Rs 1,081 crore despite 45% YoY revenue jump


Food delivery platform Swiggy nearly doubled its losses in the fourth quarter to Rs 1,081 crore, compared with Rs 554 crore in the same period last year. Meanwhile, revenue from operations rose 45% year-on-year to Rs 4,410 crore.

Swiggy’s losses widened primarily due to aggressive spending on its quick commerce delivery business, Instamart, as competition from rivals Blinkit and Zepto intensified. The company ramped up investments in customer acquisition, dark store expansion, and marketing to defend its market share, leading to higher operating…



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.

Website Upgradation is going on for any glitch kindly connect at office@startupnews.fyi

More like this

Qlik bullish on India, aims to cross 1,000 customer...

Bullish on Indian market growth, leading data analytics...

‘Macro jolts a blip in long-term growth’

Macroeconomic sentiment is “a little bit more negative”...

Apple Pay and Apple Cash are down for many...

Trying to make a payment using your iPhone?...

Popular

Upcoming Events

Expect return to healthy growth by Q2 FY26: Tata...

Global product engineering and digital services firm Tata...

Apple Pay and Apple Cash are down for many...

Trying to make a payment using your iPhone?...

macOS 16: Four new Mac features being announced next...

The countdown to WWDC is winding down, as...
ASDF ASsaDF ASsaDsdfF RET RfgsdfgET RffdhfukgET RfgvdssgfghT