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Swiggy to shore up Instamart cash buffer as Q2 loss widens

October 31, 2025

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Mint Hyderabad

Swiggy reported another unprofitable quarter this fiscal, weighed down by higher spending on its quick commerce arm Instamart, highlighting the tough road to profitability in rapid delivery.

- Vaishnavi Kasthuril k.vaeshnavi@livemint.com

Swiggy to shore up Instamart cash buffer as Q2 loss widens

Swiggy's Q2 loss widened to ₹1,092 cr from ₹626 cr a year earlier, mainly due to higher spending on its quick commerce arm. REUTERS

(REUTERS)

Its net loss rose to ₹1,092 crore against ₹626 crore in the year-ago period. Its operating revenue was at ₹5,561 crore, up 54.4% year-on-year, surpassing ₹5,280 crore estimate of analysts surveyed by Bloomberg.

The firm is mulling raising up to ₹10,000 crore through a qualified institutional placement (QIP) and other permissible routes to fortify balance sheet and maintain flexibility in India’s fiercely competitive quick commerce market. This comes almost a year after listed rival Eternal Ltd raised ₹8,500 crore via QIP, and about two weeks after Zepto raised $450 million in private capital from California Public Employees’ Retirement System.

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