Swiggy cuts losses marginally in Q2

Swiggy, which was listed on November 13 this year, saw a robust growth in its food delivery as well as quick commerce verticals during the quarter under review. Zomato, which was listed three years ago, recently reported a sharp jump of five times in consolidated net profit to Rs 176 crore in Q2FY25.

Sriharsha Majety, MD & Group CEO, Swiggy, said, “The remarkable performance of our food business operations comes on the back of strong innovation and execution. We are constantly trying to anticipate and improve the consumer’s experience. The recent launch of Bolt- our 10-minute delivery service is an example of that.”

“Similarly in quick commerce, we are anticipating and responding to consumer behaviour to bring more and more convenience to urban households. Instamart today is present in 54 cities and delivers more than 32000 unique items, within an average delivery time of 13 minutes,” he said.