Swiggy's revenue rises 560% to ₹132 crore in 2016-17

Bengaluru-based food delivery startup Swiggy saw its revenues rise 560% to ₹132 crore in the financial year 2016-17, according to filings. The startup also revealed that the cost of delivery rose only 3 times to ₹135 crore limiting the rise in losses to 50% at ₹205 crore. Earlier, Swiggy had raised ₹517 crore funding led by Naspers.