Instamart to double dark stores by March

At the consolidated group level, food and grocery delivery firm Swiggy expects to achieve positive adjusted Ebitda (Earnings before interest, taxes, depreciation, and amortisation) by Q3FY26 (Oct-Dec 2025), said SRIHARSHA MAJETY, managing director (MD) and group chief executive officer (CEO) of Swiggy, and ROHIT KAPOOR, CEO of its food marketplace. In a video interview with Peerzada Abrar and Aryaman Gupta, Majety said he is expecting to see a new wave of opportunities for the quick commerce business. Edited excerpts:

- SRIHARSHA MAJETY and ROHIT KAPOOR

How do you see food delivery and quick commerce (qcom) services evolving and having an impact on revenues?

Majety: A lot of the transformation plans that have been there are starting to show up. Our delivery speeds are at their fastest in multiple cities. Swiggy Instamart plans to double its dark store count by March 2025 (from 523 in March 2024). The active dark store area will grow over 2.5 times year-on-year to reach 4 million square feet by March 2025. It will also allow us to finish our transformation. We have operated as a grocery-first business for the first few years of our journey. But now we would see more assortment, which opens a new wave of selection.