Essayer OR - Gratuit
Swiggy to shore up Instamart cash buffer as Q2 loss widens
Mint Chennai
|October 31, 2025
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.
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.
Cette histoire est tirée de l'édition October 31, 2025 de Mint Chennai.
Abonnez-vous à Magzter GOLD pour accéder à des milliers d'histoires premium sélectionnées et à plus de 9 000 magazines et journaux.
Déjà abonné ? Se connecter
PLUS D'HISTOIRES DE Mint Chennai
Mint Chennai
Sebi fee revamp to put AMC margins, agent pay at risk
Proposed rule may impact larger funds more as they already operate with slimmer margins
3 mins
November 01, 2025
Mint Chennai
Been there, loved that
STREAM OF STORIES
4 mins
November 01, 2025
Mint Chennai
Fiscal deficit in control despite public capex rise
Fiscal deficit at ₹5.73 trillion in April-September 2025, 36.5% of full-year target
2 mins
November 01, 2025
Mint Chennai
Walking through Bangkok's everyday theatres
Two walking tours provide a glimpse of daily life in Bangkok, far from the city’s malls and glamorous nightlife
4 mins
November 01, 2025
Mint Chennai
Apple sets India revenue record on iPhone 17 surge
The company has now logged 14 consecutive quarters of record iPhone sales in the country
2 mins
November 01, 2025
Mint Chennai
Ladakh's lodges we community into tou
Several hospitality providers in Ladakh are empowering communities, reviving crafts, and funding conservation, even as they take a mindful approach to tourism
6 mins
November 01, 2025
Mint Chennai
Tata, Reliance, Adani outspend Big Tech on digital factories
In a striking inversion of global trends, Indian’s largest businesses are poised to out-invest Silicon Valley's giants in the country’s data centre build-out.
1 mins
November 01, 2025
Mint Chennai
Big Tech is spending more than ever on artificial intelligence and it’s still not enough
Silicon Valley's biggest companies are already planning to pour $400 billion into artificial intelligence efforts this year. They all say it’s nowhere near enough.
3 mins
November 01, 2025
Mint Chennai
Air India seeks $1.1 bn lifeline from Tatas, SIA
Air India is seeking at least ₹100 billion ($1.14 billion) in financial support from owners Singapore Airlines and Tata Sons, Bloomberg News reported on Thursday, citing people familiar with the matter.
1 min
November 01, 2025
Mint Chennai
When little details capture reality
There is a quiet gravitas to the works on display across the two floors of Art Alive Gallery in Delhi. Each watercolour, be it landscape, portrait or self-study, features an interplay of light, shadow and colour. Artist Shibu Natesan, 59, deftly works with these elements to imbue every painting with a unique atmosphere. The painter's gaze seems to be akin to that of a photographer's. The paintings are nearly photorealistic, conveying the feel of the environment, the personality of the subject and the essence of the landscape to the viewer.
3 mins
November 01, 2025
Listen
Translate
Change font size