Swiggy's FY24 revenue increased by 24%, with its gross order value growing 26% year on year. The company's ever-transacted user base reached 104 million by the end of December 2023, and its quick commerce unit economics improved. Celebrating its tenth year of operations, Swiggy also saw Prosus Ventures' stake marginally decrease to 32.65% in 2024 from 32.83% in 2023. Meanwhile, Prosus-backed PayU saw a 38% surge in revenue, primarily driven by its core payments business in India. PayU's consolidated revenue in India for FY24 rose by 22% to $1.1 billion, with significant contributions from India credit services and robust performance in Turkey.
PayU India FY24 consolidated revenue rises 22% to $1.1 billion https://t.co/nek0xtSRSi
1/ @Prosus_Ventures- owned PayU saw a remarkable 22% YoY revenue increase, hitting $1.1 billion in FY24. This growth is largely driven by robust performance in India and Turkey, along with significant contributions from India credit services. 🔥 Follow the thread to know more!…
.@Prosus_Ventures announced its stake in IPO-bound food delivery platform Swiggy marginally depreciated to 32.65% in 2024 from 32.83% in 2023. Read more at: https://t.co/L9vyQfPufH.
Prosus-backed PayU sees 38% surge in revenue mainly driven by the core payments business in India https://t.co/cK3AUUQMv3 via @moneycontrolcom
🚨 Swiggy’s FY24 revenue up 24%; quick commerce unit economics improve: #Prosus In its tenth year of operations, #Swiggy's gross order value grew 26% year on year, and its ever-transacted user base reached 104 million at the end of December 2023, it said https://t.co/ulQElLy0xO