Indian food delivery giant Swiggy has reported a $200 million loss for the nine months to December 2023, according to an internal document of the company. Swiggy, which is backed by SoftBank, is planning to list on the stock market and could go public by the end of this year, as per sources. The loss comes as Swiggy faces intense competition in the food delivery space from rivals Zomato and Amazon-backed Deliveroo. Swiggy’s IPO plans signal its ambitions to raise capital and expand its market presence.