சோறு போட்ட Swiggy-க்கு நேர்ந்த சோகம் | Food delivery app Facing Loss in 2018-19 | Tamil News

Swiggy has reported a 500% jump in losses as compared to last year as one of the country’s leading food delivery applications ramps up advertisement spends. “The increase in losses is due to a multi-fold increase in advertising expenses, employee expenses and delivery costs,” Anchal Agarwal, founder of Tofler, a Business Intelligence Platform, said in a report on Monday. Further, the company is aiming to swell its user base, “unlike many other startups who focussed on achieving sustainability and controlling costs this financial year,” she added. The Bundl Technologies Private Limited or Swiggy’s net loss stood at Rs 2,346 crore during fiscal 2018-19.
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