Swiggy cut losses by 30% in 2024
- Posted on June 23, 2025
- By Financial Express
- 1 Views
Swiggy cut losses by 30% in 2024
Swiggy cut adjusted EBITDA losses by 30% to $182M in 2024, driven by food delivery growth and Instamart expansion, says investor Prosus. While food delivery turned contribution-positive, Instamart saw peak losses. Swiggy’s IPO earned Prosus a $442M gain. Quick commerce breakeven expected soon.
