rel=”dofollow” href=”https://economictimes.indiatimes.com/swiggy-ltd/stocks/companyid-2232501.cms” data-ga-onclick=”Inarticle articleshow link click#Tech#href” target=”_blank”>Swiggy managed to grow its business and narrow operational losses during 2024, with both food delivery and ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/quick-commerce” target=”_blank”>quick commerce faring well. However, this growth came on the back of ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/profitability” target=”_blank”>profitability challenges, said early investor ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/prosus” target=”_blank”>Prosus on Monday.
Announcing its financial results for the year ended March, the Naspers-owned technology investor noted that Swiggy logged 29% year-on-year (YoY) growth in gross order value (GOV) in the calendar year 2024. Meanwhile, adjusted earnings before interest, taxes, depreciation and amortisation (Ebitda) loss reduced to…
