Swiggy rolls out DeskEats for office goers after losses widen in Q1

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Food and grocery delivery platform Swiggy has rolled out ‘DeskEats’ for working professionals in over 7,000 tech parks across 30 cities as it aims to tap into consumers seeking hassle-free food delivery during work hours.

This announcement comes a few days after the Bengaluru-based company reported its June quarter numbers, in which its losses doubled and cash burn increased.

Swiggy’s net loss doubled year-on-year (YoY) to Rs 1,197 crore, while it spent Rs 1,053 crore of cash on a net basis, after accounting for operating, investing, and…



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Swiggy rolls out DeskEats for office goers after losses widen in Q1



Food and grocery delivery platform Swiggy has rolled out ‘DeskEats’ for working professionals in over 7,000 tech parks across 30 cities as it aims to tap into consumers seeking hassle-free food delivery during work hours.

This announcement comes a few days after the Bengaluru-based company reported its June quarter numbers, in which its losses doubled and cash burn increased.

Swiggy’s net loss doubled year-on-year (YoY) to Rs 1,197 crore, while it spent Rs 1,053 crore of cash on a net basis, after accounting for operating, investing, and…



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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