Swiggy incurred a net loss of INR 2,350 Cr in FY24 as against a loss of INR 4,179.3 Cr in the previous year
Operating revenue zoomed 36% to INR 11,247.3 Cr from INR 8,264.5 Cr in FY23
The startup’s EBITDA margin improved to -16.2% in FY24 from -46.4% in FY23
IPO-bound Swiggy managed to narrow its loss by 44% in the financial year ended March 31, 2024. The decacorn startup incurred a net loss of INR 2,350 Cr in the financial year 2023-24 (FY24) as against a loss of INR 4,179.3 Cr in FY23.
In the first three months of the ongoing financial year – FY25, the Prosus-backed startup reported a loss of INR 611 Cr.