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  1. Jan 30, 2024 · By comparison, Swiggy’s key rival, Zomato, reported consolidated operating revenue of Rs 7,079 crore in FY23, growing 69% year-on-year. The Gurugram-based company booked a net loss of Rs 971 crore for FY23, down from Rs 1,222 crore in FY22. To be sure, Zomato and Swiggy compete on the food-delivery, quick-commerce and dining out segments.

    • Ettech
  2. The company closed many business verticals and focussed on food and grocery delivery. As a result, Swiggy decreased its monthly cash burn from USD 45-50 in 2021 to USD 20 in 2023. Moreover, the company’s co-founder and CEO, Sriharsha Majety, disclosed that Swiggy became profitable in March 2023.

  3. Feb 17, 2024 · As per sources, who have seen Swiggy’s disclosures for H1FY24 as of September 2023, the company has touched INR 4,735 Cr in revenue only from food delivery and quick commerce vertical Instamart.

  4. Jan 24, 2022 · Swiggy, India’s top food delivery startup, has raised $700 million in a new financing round, just six months after securing $1.25 billion, as it aggressively expands its offerings, including the ...

  5. Jan 24, 2022 · ET earlier reported that Swiggy was in talks to invest in Bengaluru-based bike taxi startup Rapido as part of a $150-200 million round. The fresh funding comes after Swiggy raised $1.25 billion from Japan’s SoftBank, Accel and existing investor Prosus, among others, in a financing round that extended from April to July last year.

  6. Jan 30, 2024 · Swiggy’s operating revenue jumped over 40% to INR 8,264.4 Cr during the year under review from INR 5,704.9 Cr in FY22 as it scaled up its quick commerce vertical during the year.

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  8. Jan 24, 2022 · Swiggy was valued at $5.5 billion in July last year, when it closed a $1.25 billion fund raise led by Japan’s SoftBank along with long-term investor, Prosus and participation by existing ...