The Singapore-based parent of Zomato-owned quick commerce firm Blinkit reported higher operating losses for the financial year that ended on March 31, 2022, hurt by a drop in revenue and higher expenses.
In filings made to Singapore’s Accounting and Corporate Regulatory Authority (ACRA), Sreforg International (formerly known as Grofers International) said its consolidated loss from operating activities widened by around 150% to Rs 1,422 crore in FY 2022, from Rs 556 crore in the previous year.