Food delivery app Swiggy sees losses widening to Rs 799 crore for Q3 as expenses climb

Food delivery platform Swiggy saw its losses widening to ₹799 crore for the third quarter ended December 31 as expenses climbed.

The company had posted a loss of ₹574.38 crore in the year-ago period. It had recorded a loss of ₹625.53 crore in the preceding three months.

These losses came as total expenses jumped to ₹4,898.27 crore from ₹3,700.17 crore in the corresponding period of the previous year. Revenues rose to ₹3,993.07 crore from ₹3,048.69 crore in the year-ago quarter.