Summary: Swiggy reported a net loss of Rs 799 crore in Q3 FY25, widening from Rs 574.4 crore in the same period last year. Despite the increased loss, the company’s revenue from operations grew 31% YoY to Rs 3,993 crore, while total income also rose by nearly 31% to Rs 4,095.8 crore. The growth reflects strong demand, but rising losses highlight challenges in cost management. Swiggy continues to expand and strengthen its market position, aiming for long-term financial sustainability amid increasing competition in the food delivery sector.
Bengaluru-based food delivery startup Swiggy has reported a net loss of Rs 799 crore for the third quarter of the fiscal year 2024-25 (Q3 FY25), marking a significant increase from the Rs 574.4 crore loss recorded in the same period last year.
Despite the growing losses, Swiggy’s revenue from operations saw a strong 31% year-over-year (YoY) increase, reaching Rs 3,993 crore in Q3 FY25, up from Rs 3,049 crore in the corresponding quarter of the previous fiscal year. The company’s total income also reflected a similar growth trend, rising by nearly 31% to Rs 4,095.8 crore, compared to Rs 3,130.9 crore in Q3 FY24.
Swiggy’s financial performance underscores the continued expansion of its business operations, with revenue growth driven by increased demand for food delivery and related services. However, the widening losses indicate persistent challenges in cost management and profitability as the company invests heavily in scaling operations and acquiring new customers.
As the competition in India’s food delivery sector intensifies, Swiggy continues to focus on strengthening its market position while working towards long-term financial sustainability. The company’s latest financial results highlight both the opportunities and challenges in its path to profitability.
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