Swiggy posts ₹8,265Cr revenue in FY23; Continues to play in losses

Zomato rival Swiggy has reported 45% growth in its operating revenue, reaching Rs 8,265 crore in FY23. The company's net loss also expanded by 15% to Rs 4,179 crore. This comes after several reports claimed that Swiggy is preparing to lay off around 400 employees in a bid to achieve profitability ahead of its planned IPO.