 "Swiggy")
Food delivery giant Swiggy (Bundl Technologies Private Limited) has reported its revenues for financial year 2019-20 at Rs 2,776 crore, a 115 per cent jump since the last financial year. The company further reported a net loss of Rs 3,768 crore during the same fiscal. This is 61 per cent increase from the last financial year, showed regulatory documents sourced from business intelligence platform Tofler. The Bengaluru-based company’s total expenses for the fiscal were reported at Rs 6,545 crore.
During the year under review, the company’s business grew by 85 per cent. There was an addition of over 100,000 restaurants with an active delivery fleet of over 200,000. “We also widened our reach across the country by launching 405 new cities,”
