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Swiggy slashes annual losses by 30%; delivers GOV growth of 40% in Q1
June 24, 2025
|The New Indian Express Kalaburagi
FOOD and grocery delivery platform Swiggy narrowed its adjusted EBITDA losses by 30% to $182 million in calendar year 2024 from $261 million in the previous year, according to Dutch tech investor Prosus.
In its financial update, Prosus mentioned that Swiggy in Q1 25, delivered GOV (gross order value) growth of 40% y-o-y and quick commerce GOV growth of 101% y-o-y with 316 new dark stores added in the first quarter of this year.
Prosus' Indian portfolio companies Swiggy and PayU India's IRR (internal rate of return) stood at 23% and 13% in FY25. Meesho's IRR stood at 20%.
هذه القصة من طبعة June 24, 2025 من The New Indian Express Kalaburagi.
اشترك في Magzter GOLD للوصول إلى آلاف القصص المتميزة المنسقة، وأكثر من 9000 مجلة وصحيفة.
هل أنت مشترك بالفعل؟ تسجيل الدخول
المزيد من القصص من The New Indian Express Kalaburagi
The New Indian Express Kalaburagi
India-US trade deal: Apple growers seek protection and write to Modi
AHEAD of India-US negotiations on trade, apple growers from Himachal Pradesh, Jammu and Kashmir and Uttarakhand have written a letter to Prime Minister Narendra Modi, urging him not to accept any provision that could compromise the interests of growers of apples, almonds, walnuts and other horticultural crops.
1 min
June 23, 2026
The New Indian Express Kalaburagi
6 dissident mps of Uddhav Sena join Shinde camp
THE six rebel Shiv Sena (UBT) Lok Sabha MPs joined the Maharashtra Deputy Chief Minister Eknath Shinde-led Shiv Sena in his presence on Monday in Mumbai. Welcoming the rebel MPs, the Shiv Sena leaders said that Operation Tiger is accomplished.
1 min
June 23, 2026
The New Indian Express Kalaburagi
After Kota and Bikaner, 8 post-caesarean mothers taken ill in Jodhpur now
AFTER similar incidents in Kota and Bikaner, a fresh case has surfaced in Jodhpur where several women developed serious health complications after undergoing caesarean deliveries, raising concerns within the Health Department.
1 min
June 23, 2026
The New Indian Express Kalaburagi
CISF plans to set up data fusion centre in Delhi to ramp up aviation security
IN a significant move aimed at bolstering aviation security and streamlining passenger movement, the Central Industrial Security Force (CISF) has proposed setting up a Data Fusion Centre in Delhi that will integrate surveillance systems, including facial recognition technology, across major airports in the country.
1 min
June 23, 2026
The New Indian Express Kalaburagi
WHERE MIND IS NOT WITHOUT FEAR
EVERY year, more than 8.4 lakh people die globally from health conditions linked to toxic workplaces.
3 mins
June 23, 2026
The New Indian Express Kalaburagi
STARMER’S FALL REFLECTS FRACTURING BRITISH POLITY
KEIR Starmer’s resignation is more than the downfall of a Prime Minister. It is the latest symptom of a political system in the midst of a historic realignment.
2 mins
June 23, 2026
The New Indian Express Kalaburagi
No free services for pregnant women in Assam
AN Assam government hospital has decided not to extend diagnostic services to pregnant women expecting fourth child or have more than three children free of charge.
1 min
June 23, 2026
The New Indian Express Kalaburagi
Core sector growth slows to 7-mnth low of 0.5% in May
INDIA’S core infrastructure sector growth touched seven-month low to 0.5% year-on-year in May, due to fall in the growth in energy sector such as coal, natural gas, refinery products, as per the provisional data released by the Commerce and Industry Ministry on Monday.
1 min
June 23, 2026
The New Indian Express Kalaburagi
Rebel MLAs remove Didi as TMC chief, suspend nephew
WEST Bengal politics took a dramatic turn on Monday as the rebel “real Trinamool” camp led by Leader of Opposition Ritabrata Banerjee removed former chief minister Mamata Banerjee as party chairperson and stripped MP Abhishek Banerjee of his post as national general secretary.
1 min
June 23, 2026
The New Indian Express Kalaburagi
Data projects may cover 15% of IT cos’ revenue
AI deployments are driving demand for data modernisation projects, which analysts estimate could contribute 10-15% of revenue for large IT services companies as clients move beyond pilot programmes.
1 mins
June 23, 2026
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