India’s Swiggy posts narrower quarterly loss


May 8 (Reuters) – India’s Swiggy on ‌Friday reported ‌a narrower fourth quarter ​loss, helped by continued growth at its quick ‌commerce ⁠delivery arm, Instamart.

The company’s consolidated ⁠loss came in at ​8 ​billion ​Indian rupees ($84.66 ‌million) in the three months ended March 31, compared with 10.65 ‌billion rupees ​billion ​rupees ​in the ‌previous quarter.

($1 = 94.4975 ​Indian ​rupees)

(Reporting by Urvi Dugar and ​Devika ‌Nair in Bengaluru; ​Editing by ​Ronojoy Mazumdar)



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