Swiggy cut losses by 30% in 2024

Prosus on Monday said that food delivery platform Swiggy reduced its adjusted earnings before interest, taxes, depreciation, and amortisation (Ebitda) losses by 30% between January and December last year to $182 million from $261 million in the previous year.

The Dutch investor added that Swiggy is now seeing the early effects of operating leverage.

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