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Swiggy’s FY20 revenue jumps 127% even as losses widen by 65% and expenses nearly double Sandeep Soni © Provided by The Financial Express Swiggy s expenses increased from Rs 36,591 in FY19 to Rs 68,641 crore in FY20. (File/Express Photo: Pradip Das) Bundl Technologies, which owns and operates foodtech company Swiggy, has reported a 127.8 per cent jump in its revenue for FY20 even as net losses and expenses widened by 65.8 per cent and 87.5 per cent respectively on a consolidated basis. Backed by Tencent, DST Global, and others, and last valued at around $3.5 billion, Zomato s arch-rival Swiggy saw its total income rise from Rs 1,297.3 crore in FY19 to Rs 2,955.6 crore in FY20, according to the regulatory filing sourced from business intelligence platform Tofler on late Wednesday. Swiggy s losses for FY20 stood at Rs 3,920.4 crore in comparison to Rs 2,363.6 crore for FY19. On the other hand, its expenses increased from Rs 3,659.1 crore to Rs 6,864.1 crore.

South koreaPradip dasExpress photoFinancial express swiggyNetherlands based tencent cloud europeArk impact asset managementMirae asset capital marketsSamsung venturesKorea investmentZomato goldதெற்கு கொரியாப்ரதீப் தாஸ்எக்ஸ்பிரஸ் புகைப்படம்நிதி எக்ஸ்பிரஸ் ஸ்விக்கிபேழை தாக்கம் சொத்து மேலாண்மைமீரே சொத்து மூலதனம் சந்தைகள்