News > Swiggy's revenue grows two fold in FY22, losses widen

Swiggy's revenue grows two fold in FY22, losses widen

Food delivery giant Swiggy logged a two-fold increase in revenue during the fiscal year ended March 2022 compared to the previous year, helped by the better-than-expected performance of its grocery vertical Instamart. The company earned a revenue of Rs 5,705 crore in FY22, up from Rs 2,457 crore in FY21. Income from rendering platform services grew over 83% to Rs 3,444 crore, from Rs 1,879 crore last year, making it the largest revenue contributor.