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Swiggy managed to grow its business and narrow operational losses during 2024, with both food delivery and quick commerce faring well. However, this growth came on the back of profitability challenges, said early investor Prosus on Monday.
Announcing its financial results for the year ended March, the Naspers-owned technology investor noted that Swiggy logged 29% year-on-year (YoY) growth in gross order value (GOV) in the calendar year 2024. Meanwhile, adjusted earnings before interest, taxes, depreciation and amortisation (Ebitda) loss reduced to…
