Swiggy’s FY24 Loss Nearly Halves To INR 2,350 Cr, Revenue Up 36%

Swiggy’s FY24 Loss Nearly Halves To INR 2,350 Cr, Revenue Up 36%

SUMMARY

The foodtech major’s revenue grew 36% YoY to INR 11,247 Cr in FY24, while loss narrowed 44% to INR 2,350 Cr

Promotional and marketing costs declined to INR 1,851 Cr in FY24 from INR 2,501 Cr in FY23

Swiggy filed its draft IPO papers via the confidential route with the Securities and Exchange Board of India (SEBI) earlier this year

Foodtech major Swiggy reportedly saw its revenue grow 36% to INR 11,247 Cr in the fiscal year 2023-24 (FY24) from INR 8,265 Cr in the previous year. 

The disclosure was made by the IPO-bound company in its annual report, Moneycontrol reported. 

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