Swiggy Delivers on Turnaround—Losses Drop 30% as Quick Commerce Booms

Swiggy, one of India’s leading food delivery and quick commerce platforms, has made significant strides in improving its financial health, according to a recent report by Prosus, a key investor. The company managed to cut its losses by 30% in 2024, while its quick commerce segment saw a remarkable surge in gross order value (GOV).

 

Key Highlights:

Swiggy’s turnaround signals growing momentum in India’s quick commerce space and renewed investor optimism.

 

Source: Prosus Annual Report, Economic Times, Moneycontrol