Swiggy lags behind Zomato in Q1FY25; revenue rises 35% but losses widen to over Rs 600 Cr

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Swiggy lags behind Zomato in Q1FY25; revenue rises 35% but losses widen to over Rs 600 Cr - YourStory

Quick Summary:

The IPO-bound food delivery platform reported a surge in revenue for Q1 FY24, but it faced widening losses.

A significant portion of this increase was driven by employee benefits, which grew 21.28% to Rs 589.18 crore from Rs 485.78 crore, and the purchase of stock-in-trade, which jumped 33.23% to Rs 1,195.14 crore from Rs 897.01 crore.

Zomato, on the other hand, reported a 74% jump in its operating revenue to Rs 4,206 crore during the period.