Swiggy’s Q4 loss widens to Rs 1,081 crore amid heavy quick commerce investment
Swiggy's net loss nearly doubled to Rs 1,081.18 crore in the March quarter due to heavy investments in Instamart, despite a 45% revenue jump to Rs 4,410 crore. The core food delivery business saw a 17.6% GOV increase, and Instamart's average order value grew by 13.3%. Swiggy is focused on growth and unparalleled convenience to consumers.
Swiggy's net loss nearly doubled to Rs 1,081.18 crore in the March quarter due to heavy investments in Instamart, despite a 45% revenue jump to Rs 4,410 crore. The core food delivery business saw a 17.6% GOV increase, and Instamart's average order value grew by 13.3%. Swiggy is focused on growth and unparalleled convenience to consumers.
