Swiggy meals supply income up 56% in H1, doubles from stage earlier than Covid

Swiggy meals supply income up 56% in H1, doubles from stage earlier than Covid

Swiggy’s meals supply revenues grew 56 per cent year-on-year within the April-September, in accordance with regulatory filings by the Indian firm’s Dutch investor Prosus. Revenues grew 91 per cent in comparison with ranges earlier than the coronavirus and grocery revenues are up 75 per cent since March 2021.

Swiggy’s variety of orders grew 99 per cent YoY within the July-September quarter and lockdowns this yr to include the coronavirus had restricted influence. The meals know-how firm’s enlargement into groceries via Supr Each day and Instamart led to orders rising 127 per cent for the quarter ended September.

On the finish of the quarter, it had 127,000 lively restaurant companions and greater than 250,000 supply companions.

Prosus invested $274 million in Swiggy throughout its newest funding spherical in September 2021. It now possession of 36 per cent, down from 41 per cent in March.

Zomato, Swiggy’s foremost competitor, stated earlier than its income from operations grew 140 per cent within the September quarter, YoY.

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