Now Pay An Additional INR 2 Per Order On Swiggy

Swiggy has introduced a platform fee of INR 2 per food order, irrespective of cart value, as the company focuses on profitability amid mounting losses.

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The fee has not been applied to Instamart orders.

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The platform fee is currently being charged in Bengaluru and Hyderabad, with no disclosure regarding expansion to other cities.

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Swiggy's net losses more than doubled to INR 3,628.9 Cr in FY22, while total revenue grew 2.2X to INR 6,119.8 Cr in FY22.

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Invesco recently marked down Swiggy's valuation by over 25% to $8 billion, down from $10.7 billion in the previous quarter.

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