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Swiggy slashes annual losses by 30%; delivers GOV growth of 40% in Q1
The New Indian Express Kochi
|June 24, 2025
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%.
This story is from the June 24, 2025 edition of The New Indian Express Kochi.
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