Swiggy's Q-comm drive doubles Q4 loss to ₹1,081 crore

Food delivery and quick commerce platform Swiggy on Friday reported widening of consolidated net loss during the March quarter to ₹1,081.18 crore, due to significant investments in quick commerce.

- Press Trust of India

NEW DELHI:

The company had reported a net loss of ₹554.77 crore on a consolidated basis in the year-ago period.

Swiggy's revenue from operations rose to ₹4,410 crore during the January-March period, as against ₹3,045.5 crore a year earlier, a regulatory filing showed. However, its total expenses shot up to ₹5,609.6 crore during the quarter under review, as against ₹3,668 crore in the corresponding period of the previous year.