Corrected: India's Swiggy posts a narrower quarterly loss
CORRECTED-India's Swiggy posts a narrower quarterly loss Corrects paragraph 2 to say loss for the quarter is 7.91 billion rupees, not 7.91 million rupees
July 30 (Reuters) - India's Swiggy Ltd SWIG.NS on Thursday posted a narrower quarterly loss, buoyed by healthy demand for its food delivery and quick commerce offerings.
The Instamart-owner reported a consolidated net loss of 7.91 billion rupees ($82.67 million) for the April-June quarter, compared to a net loss of 11.97 billion rupees a year ago.
($1 = 95.6800 Indian rupees)
(Reporting by Saikeerthi and Urvi Dugar in Bengaluru)
((Saikeerthi@thomsonreuters.com; (+91) 8296756080))
Recent news on Swiggy
See all newsIndia's Swiggy hits record low as deeper quick commerce losses disappoint investors
India Stocks: Indian shares subdued as rising crude prices eclipse IT gains
India's Swiggy falls to record low as quick-commerce losses widen (updated)
India's Swiggy falls after quick-commerce losses widen during second quarter
India's Swiggy to deepen Instamart presence in existing markets as losses widen (updated)