Swiggy's losses rise six-fold to ₹2,367 crore in FY192 min read 16 Dec 2019, 11:58 AM IST
Currently, Swiggy clocks nearly 1.4 million food orders daily across India, compared with about 700,000 orders per day a year ago
Swiggy posted a net loss of ₹2,367 crore in FY19, which is a substantial increase compared to ₹385 crore losses posted a year ago in FY18
BENGALURU : Food delivery startup Swiggy has posted a six-fold increase in losses for the financial year-ended March 2019 (FY19), on account of heightened expenses which went up by four-fold during the same year at a time when the five-year-old startup has been expanding rapidly across the country to keep up with intense completion in the food delivery segment.
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