2023 Swiggy annual report notes ₹33 crore embezzlement by junior employee, resulting in legal complaint and external investigation.

Swiggy, the Indian food delivery service, reported a ₹33 crore embezzlement by a former junior employee, as noted in its 2023-24 annual report. The company has launched an external investigation and filed a legal complaint regarding the incident, which occurred between August 2021 and February 2022. Despite this setback, Swiggy's revenue increased by 36% to ₹11,247 crore, and it plans to raise up to ₹10,414 crore through an upcoming IPO.

September 06, 2024
17 Articles

Further Reading