In its tenth year of operations, Swiggy's FY24 revenue increased by 24%, with its gross order value growing 26% year-on-year. The quick commerce unit's economics also improved. Swiggy's user base reached 104 million by the end of December 2023. Prosus-backed PayU saw a 38% surge in revenue, driven mainly by its core payments business in India. Prosus reported an 84% jump in full-year core headline earnings. Despite these gains, Prosus has not disclosed whether it plans to sell part of its 32.6% stake in Swiggy's upcoming $1.2-billion IPO.
#TechWithMC | #Prosus declines to reveal its plans on whether it might sell a part of its 32.6% stake Swiggy's $1.2-billion #IPO Read on 👇 https://t.co/3jlT6BlpZ7 #Shares #Market #Sebi
Prosus mum on selling Swiggy shares in IPO even as promoter tag looms https://t.co/7X58pjiGiq via @moneycontrolcom
Prosus full-year core headline earnings jump 84% https://t.co/6Le9Zv5WM3 https://t.co/fSxEY0PzSD
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