Former Junior Swiggy Staff Embezzled INR 33 Cr, Probe Launched

Former Junior Swiggy Staff Embezzled INR 33 Cr, Probe Launched

SUMMARY

The company initiated an investigation with an external team and has filed a legal complaint against the individual

This comes at a time when Swiggy is planning to list on the bourses later this year

Swiggy reportedly saw its revenue grow 36% to INR 11,247 Cr in the FY24

IPO-bound foodtech giant Swiggy revealed in its annual report for the financial year 2023-24 that a former junior employee had embezzled INR 33 Cr over an extended period.

The company initiated an investigation with an external team and has filed a legal complaint against the individual, Moneycontrol reported.

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