Food delivery giant Swiggy's revenue drops 23% in FY21 to Rs 2,145 crore

The company is strengthening its investment in the broader ecosystem

Food delivery giant Swiggy (Bundl Technologies) reported a 23 per cent fall year-on-year in revenue at Rs 2,145 crore in financial year 2020-21 (FY21). However, its net loss decreased 65 per cent YoY to Rs 1,314 crore, showed regulatory documents sourced by business intelligence platform Tofler. The Bengaluru-based company’s total expenses stood at Rs 3,310 crore.

“As we continue to grow within existing cities and expand into newer cities, high availability along with fill through rates, very low cancellations and complaints remain at the core of our operations,” said the company in the documents.

During the year under review, the Centre had