Day 07 of the series.
🚀 Swiggy Delivers Strong FY24 Results!🚀
Swiggy has reported impressive growth in FY24, with a 36% year-on-year increase in operating revenue to ₹11,247 crore and a significant 44% reduction in net losses. This success comes on the back of several key achievements:
✅ Instamart Growth: Quick commerce vertical Instamart saw a 58% increase in Gross Order Value (GOV) to ₹8,100 crore, reflecting its rapid expansion with 523 dark stores across 27 cities.
✅ Food Delivery Expansion: Swiggy’s core food delivery business grew by 15% in GOV to ₹24,700 crore, driven by a wide delivery network and increased consumer demand.
✅ Dineout Success: The out-of-home consumption segment, including Dineout, doubled its GOV to ₹2,200 crore, benefiting from a unified app experience and new revenue streams.
By strategically managing costs, enhancing operational efficiency, and focusing on innovation, Swiggy continues to strengthen its market position and move closer to profitability. Exciting times ahead! 💪📈
#GrowthMindset #Leadership #Ecommerce #FoodDelivery #QuickCommerce #Innovation #BusinessSuccess #Swiggy
I have an idea through which you can deliver food using drones without any damage. This will allow food delivery even in remote areas, increasing Swiggy's profits significantly. This has to be done before Zomato.The drones will remain undamaged in this process.