Swiggy reveals its FY24 financial performance as it gears up for its stock market debut.

[{"selector":"#anim-190b8d77-c3c8-4983-b27f-ab5a27932bfb","keyframes":{"opacity":[0,1]},"delay":1,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-9fa5b283-94f7-42fe-a38e-cea6fc3af824","keyframes":{"transform":["translate3d(0px, 155.95810%, 0)","translate3d(0px, 0px, 0)"]},"delay":1,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

Swiggy's revenue jumped 36% to Rs 11,247 crore in FY24, as per data shared by its investors.

[{"selector":"#anim-9568209c-ef38-42c4-9b67-1637ed14c36d","keyframes":{"opacity":[0,1]},"delay":1,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-8cc88d1f-69c1-48d4-8ded-50db7d9c2c87","keyframes":{"transform":["translate3d(0px, 154.50885%, 0)","translate3d(0px, 0px, 0)"]},"delay":1,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

Swiggy reduced losses by 44%, reaching Rs 2,350 crore, with Rs 5,476 crore revenue in the first 3 quarters of FY24.

[{"selector":"#anim-d020d221-0307-4703-a28d-ffc2cb3ffab8","keyframes":{"opacity":[0,1]},"delay":1,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a71431a2-de4f-4a1f-bbaf-b9a0fe5b0c97","keyframes":{"transform":["translate3d(0px, 147.96413%, 0)","translate3d(0px, 0px, 0)"]},"delay":1,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

Swiggy's food delivery business grew by 17%, generating Rs 6,100 crore, while Instamart earned Rs 1,100 crore in FY24.

[{"selector":"#anim-09327fcf-6bbf-4fc4-b257-03801326b0c9","keyframes":{"opacity":[0,1]},"delay":1,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-c197c2e8-7096-4eb4-b3ad-eb369aa03ceb","keyframes":{"transform":["translate3d(0px, 147.34298%, 0)","translate3d(0px, 0px, 0)"]},"delay":1,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

Unlike Swiggy, Zomato posted a net profit of Rs 351 crore in FY24, maintaining profitability in Q1 FY25.

[{"selector":"#anim-eac089b9-58e3-4934-b363-85264d2b95af","keyframes":{"opacity":[0,1]},"delay":1,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ba76a752-e022-40ab-88e2-5f9d24678210","keyframes":{"transform":["translate3d(0px, 144.23740%, 0)","translate3d(0px, 0px, 0)"]},"delay":1,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

Swiggy reached decacorn status after completing its equity round in January 2022.

[{"selector":"#anim-ac28dc82-7a32-43aa-b656-c5a1be237a28","keyframes":{"opacity":[0,1]},"delay":1,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-1aabd14a-9b8f-4f9b-8eec-482e8f08777f","keyframes":{"transform":["translate3d(0px, 155.38972%, 0)","translate3d(0px, 0px, 0)"]},"delay":1,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

Swiggy received strategic funding from Amitabh Bachchan's Family Office and Hindustan Composites.

[{"selector":"#anim-3e8a6816-dcc9-4f7f-a0d7-5c9ce8a2df26","keyframes":{"opacity":[0,1]},"delay":1,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-51ac4211-e32a-4e88-a35f-5b0b48aee841","keyframes":{"transform":["translate3d(0px, 143.61629%, 0)","translate3d(0px, 0px, 0)"]},"delay":1,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

Swiggy filed confidential IPO papers in May, aiming to raise Rs 3,750 crore through equity and Rs 6,664 crore via offer for sale.

[{"selector":"#anim-ab489d99-af8b-4bc7-8098-cb100d33a010","keyframes":{"opacity":[0,1]},"delay":1,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-44b187a1-1d80-4b49-8b3c-eb87f4f47e7c","keyframes":{"transform":["translate3d(0px, 128.98050%, 0)","translate3d(0px, 0px, 0)"]},"delay":1,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

Swiggy will soon file its draft IPO papers with SEBI. Excited about Swiggy’s IPO? Stay tuned!

[{"selector":"#anim-111ccf2f-0247-4507-8148-41b6148d04ab","keyframes":{"opacity":[0,1]},"delay":1,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-63591992-4740-4ebd-915b-832794f4ca00","keyframes":{"transform":["translate3d(0px, 152.88541%, 0)","translate3d(0px, 0px, 0)"]},"delay":1,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]