Swiggy Posts Narrower Quarterly Loss of 8 Billion Rupees
Swiggy reported a narrower fourth-quarter loss of 8 billion rupees as its Instamart delivery arm grew. The loss improved from 10.65 billion rupees previously.
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Swiggy reported a narrower consolidated loss of 8 billion Indian rupees ($84.66 million) for the quarter ending March 31. The loss shrank from 10.65 billion rupees in the previous quarter as the quick commerce division maintained growth. The results reflect margin improvement for the food-tech company in India following its recent public listing.
