- January 28, 2021 / 4 min readThe food delivery brand is betting big on its platform fee for connecting restaurants and the delivery fee it charges to deliver the food orders.
Food delivery player Swiggy’s net loss jumped by 61% to Rs 3,768 crore in the financial year ended March 2020.
According to regulatory filings as per business intelligence platform Tofler, Swiggy’s revenue grew by nearly 125% to Rs 2,515 crore during the year.
The food delivery brand is betting big on its platform fee for connecting restaurants and the delivery fee it charges to deliver the food orders.
Its earnings also include advertisement income and selling food via its cloud kitchen including The Bowl Company, and Homely.
The Bengaluru-based firm’s total expenses grew by nearly 80% to Rs 6,544 crore, as it spent more across verticals like staff expense, marketing and others.
With heightened health consciousness, increasing awareness around eating right, and a growing demand for food amongst urban Indians, that is nutritionally measured, the on-demand delivery platform Swiggy also launched Health Hub, a dedicated healthy food discovery destination on the main Swiggy app last year.
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