Startups

Swiggy parent’s losses mount 5X to Rs 2,363 crore

Swiggy spent Rs 1,593 crore in delivery costs and Rs 423 crore on salaries and wages. The company also spent Rs 778 crore on marketing and advertising expenses to compete with Zomato. Part of Swiggy’s expenses can be accounted by Rs 113 crore lost in order cancellation.

from Startups-Small Biz-Economic Times
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