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Swiggy slashes annual losses by 30%; delivers GOV growth of 40% in Q1
The New Indian Express Bhubaneswar
|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%.
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The New Indian Express Bhubaneswar
'UN still reflects realities of 1945': Jaishankar calls for reforms to be inclusive
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The New Indian Express Bhubaneswar
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4 mins
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The New Indian Express Bhubaneswar
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1 min
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The New Indian Express Bhubaneswar
Fuelled by father’s unfulfilled dream: Indian-origin UAE talent Riyan's tale
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1 mins
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The New Indian Express Bhubaneswar
Healy scores second ton in dominant win vs B'desh
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1 min
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The New Indian Express Bhubaneswar
Total Chess World Championship
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1 mins
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The New Indian Express Bhubaneswar
Joy in J’khand as new tiger confirmed in Palamu, total count reaches seven
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1 mins
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The New Indian Express Bhubaneswar
UCC registration rules for live-in couples may be eased
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1 mins
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The New Indian Express Bhubaneswar
Rift in Oppn as Cong, NCP agree to disagree on JPC on tainted ministers
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1 mins
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The New Indian Express Bhubaneswar
IOB reports all-time high profit of ₹1,226 crore, asset quality improves
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1 min
October 17, 2025
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