💨 Abstract

Swiggy, India's online food delivery platform, reported a wider quarterly loss of 7.99 billion rupees ($91.40 million) for Q3 ended Dec. 31, 2022, due to increased investment in its grocery delivery business to compete with Zomato and Zepto. This compares to a loss of 5.74 billion rupees in the same period a year earlier.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖