Food delivery startup Swiggy posts 65-fold hike in losses
Bengaluru-based food delivery startup Swiggy posted an almost 65-fold increase in losses for the fiscal year ended March 2016. The company, which started operations in August 2014, saw its losses rise to ₹137.18 crore from ₹2.12 crore a year ago. During this period, Swiggy raised a reported ₹150 crore in Series C and D rounds of funding.