NewzIndian food delivery and quick commerce firm Swiggy has reported a narrower loss for the recent quarter, driven by improved operational efficiency. The company’s financial performance was bolstered significantly by its quick commerce division, Swiggy Instamart, which reached a contribution break-even point during the period.
This milestone marks a shift in the company's financial trajectory as it balances its core food delivery business with the rapid expansion of its grocery and essentials delivery services. The narrowing of losses reflects broader efforts by the firm to optimize its cost structure and scale its quick commerce operations toward long-term sustainability.
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