Swiggy's Revenue From Food Delivery, Instamart Touches Rs 7,800 Crore In FY24

The financials comprise only of the revenue generated from its core food delivery business and quick-commerce arm, and not its Genie or Dineout businesses.

Rishabh Bhatnagar @Rish_Bhat

31 May 2024, 05:25 PM IST i

<div class="paragraphs"><p>Shareholders of food delivery giant Swiggy have passed a resolution internally for an initial public offering, making known a broad structure for what could possibly be a Rs 10,000 crore-plus IPO. (Source: Swiggy)</p></div>

Shareholders of food delivery giant Swiggy have passed a resolution internally for an initial public offering, making known a broad structure for what could possibly be a Rs 10,000 crore-plus IPO. (Source: Swiggy)

IPO-bound Swiggy Ltd.'s revenue from its top two businesses—food delivery and quick-commerce unit, Instamart—increased 35% in FY24, alongside a meaningful reduction in operating loss.The Bengaluru-based company's revenue from the two business segments has gone up from Rs 5,800 crore in FY23 to Rs 7,800 crore in FY24, according to people familiar with the matter, who spoke on condition of anonymity. Operating losses from the two segme...