Quick commerce is a cash-guzzler, but Swiggy is unfazed
Bengaluru: Growth investments being made into Swiggy’s quick commerce arm Instamart will mature over time as the firm works ...
Swiggy management confident of EBITDA profitability by Q3 FY26
Swiggy aims for EBITDA profitability by Q3 FY26, driven by food delivery growth and quick commerce breakeven. The quick ...
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Swiggy eyes strong growth in quick commerce and store expansions in the fourth quarter
Swiggy’s Chief Financial Officer, Rahul Bothra, stated that Bolt, launched in October, now contributes nearly 9% of the company’s total food delivery volume..
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Swiggy's landmark IPO wins equity issue of the year at IFR Asia Awards 2024
Swiggy has made headlines by clinching the Equity Issue of the Year 2024 award at the IFR Asia Awards, recognising its record ...
Swiggy Q3 results: Net loss widens to Rs 799 crore, GOV grows 38%
Swiggy’s gross order value (GOV) grew 38 per cent Y-o-Y to Rs 12,165 crore. The company said the consolidated adjusted ...
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Swiggy's quick commerce profit margins hurt as expansion, discounts take precedence
While Swiggy saw improvement in its core food delivery business, its quick commerce arm witnessed lower margins as dark store ...
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Swiggy's Q3 loss widens by 39% as quick commerce expenses pile up
December quarter, Swiggy witnessed a stable increase in topline as well as an increase in expenses, dragging its P&L further ...
Sam Altman speaks to ET; Swiggy losses widen
OpenAIs chief Sam Altman told ET that the company will adjust products and pricing to tackle competition, including Chinas ...
Swiggy’s Q3 losses widen 40% to Rs 799 crore; Instamart margins hit amid rising competition
Swiggy reported a 31% revenue growth to Rs 3,993 crore in Q3, but losses widened to Rs 799 crore due to investments in quick ...