Swiggy Anticipates Operating Profit by Late 2025 Despite Losses Fueled by Instamart Growth
6 months ago
Swiggy, the renowned online food delivery service from India, has recently reported a significant financial downturn primarily attributed to its fast-growing grocery arm, Instamart. In a disclosure, the company stated it expects to reach operating profitability by the end of 2025, amid ongoing investments to bolster its market presence.
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