{"id":903323,"date":"2025-02-06T09:06:34","date_gmt":"2025-02-06T03:36:34","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=903323"},"modified":"2025-02-06T09:15:02","modified_gmt":"2025-02-06T03:45:02","slug":"swiggy-q3-net-loss-widens-to-rs-799-crore-revenue-up-31","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2025\/02\/06\/swiggy-q3-net-loss-widens-to-rs-799-crore-revenue-up-31\/","title":{"rendered":"Swiggy Q3 net loss widens to Rs 799 crore; revenue up 31%"},"content":{"rendered":"<p>Food delivery platform Swiggy on Wednesday reported a net loss of Rs 799 crore in the third quarter ended December 2024, compared to Rs 575 crore loss it reported in the year-ago period. Its revenue from operations grew 31% in the December quarter to Rs 3,993 crore compared to Rs 3,049 crore in the same quarter last year. <\/p>\n<p>Swiggy\u2019s Gross Order Value (GOV) grew 38% y-o-y to Rs 12,165 crore. Its food delivery GOV saw 19.2% y-o-y growth to Rs 7,436 crore, driven by Bolt, a 10-minute restaurant food delivery service, which was launched in October last year. Adjusted EBITDA margins expanded to 2.5% of GOV.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Food delivery platform Swiggy on Wednesday reported a net loss of Rs 799 crore in the third quarter ended December 2024, compared to Rs 575 crore loss it reported in the year-ago period. Its revenue from operations grew 31% in the December quarter to Rs 3,993 crore compared to Rs 3,049 crore in the same quarter last year. Swiggy\u2019s Gross Order Value (GOV) grew 38% y-o-y to Rs 12,165 crore. Its food delivery GOV saw 19.2% y-o-y growth to Rs 7,436 crore, driven by Bolt, a 10-minute restaurant food delivery service, which was launched in October last year. Adjusted EBITDA [&hellip;]<\/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":[75,4,17],"tags":[],"class_list":["post-903323","post","type-post","status-publish","format-standard","hentry","category-it-2-the-new-indian-express","category-newspapers","category-the-new-indian-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/903323","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=903323"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/903323\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=903323"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=903323"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=903323"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}