{"id":852180,"date":"2024-09-05T10:02:39","date_gmt":"2024-09-05T04:32:39","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=852180"},"modified":"2024-09-05T10:04:03","modified_gmt":"2024-09-05T04:34:03","slug":"ipo-bound-swiggy-trims-fy24-loss-by-43-buoyed-by-food-delivery-instamart","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/09\/05\/ipo-bound-swiggy-trims-fy24-loss-by-43-buoyed-by-food-delivery-instamart\/","title":{"rendered":"IPO-bound Swiggy trims FY24 loss by 43%, buoyed by food delivery, Instamart"},"content":{"rendered":"<p>In preparation of a billion-dollar public-market listing, Swiggy trimmed its losses by 43% to \u20b92,350 crore in FY24, buoyed by rapid growth in its food delivery and quick commerce vertical Instamart. <\/p>\n<p>The Prosus and Baron Capital-backed company saw its revenue from operations rise 36% to \u20b911,247 crore in FY24. Swiggy\u2019s consumer-facing business comprising food delivery, Instamart and dining recorded a total gross order value (GOV) of \u20b935,000 crore ($3.5 billion) driven by its 14.3 million monthly transacting users.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In preparation of a billion-dollar public-market listing, Swiggy trimmed its losses by 43% to \u20b92,350 crore in FY24, buoyed by rapid growth in its food delivery and quick commerce vertical Instamart. The Prosus and Baron Capital-backed company saw its revenue from operations rise 36% to \u20b911,247 crore in FY24. Swiggy\u2019s consumer-facing business comprising food delivery, Instamart and dining recorded a total gross order value (GOV) of \u20b935,000 crore ($3.5 billion) driven by its 14.3 million monthly transacting users.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[55,13,4],"tags":[],"class_list":["post-852180","post","type-post","status-publish","format-standard","hentry","category-it-2-live-mint","category-live-mint","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/852180","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=852180"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/852180\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=852180"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=852180"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=852180"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}