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Swiggy On Track For $1 Billion Annual Revenue Amid Mounting Loss
Swiggy’s mainstay food-ordering business as well as grocery platform Instamart are firing on all cylinders, albeit at a cost.
24 Nov 2022, 02:09 PM IST
Swiggy is on track to clock $1 billion in annual revenue as its twin sources of income come into their own in the aftermath of the pandemic.The gross merchandise value, or GMV, of Swiggy’s mainstay food-ordering business grew 40% year-on-year in the first six months of 2022, even as order volume surged 38%, according to investor Prosus NV’s half-yearly financial results released on Wednesday. Total quick commerce and gross merchandis...
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