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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.
8 months ago
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