Swiggy sees four-fold revenue jump in FY18 as losses double to Rs 3.9 bn

Swiggy had in June entered the elite Unicorn club after raising $210 million from a group of investors

Bundl Technologies, which runs food delivery app Swiggy, grew its business four times in FY18 even though losses for the same period increased two times. 

In the financial year ended March, the company’s revenue stood at Rs 4.4 billion when compared with Rs 1.3 billion in the previous year, according to company’s filings with the Registrar of Companies (RoC), sourced from business intelligence platform, Tofler.

The losses of the online food ordering and delivery platform for the same period doubled to Rs 3.9 billion from Rs 2 billion in FY17. However, the cumulative losses of the company at end of