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Swiggy to shore up Instamart cash buffer as Q2 loss widens

Mint New Delhi

|

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.

- 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)

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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Why Indian wealth managers are betting on US Smids

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Loans, wealth units to drive Groww's growth

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Jindal Steel's new CEO says he tends to 'stick around'

Less than 24 hours after his appointment, Jindal Steel Ltd's new chief executive officer (CEO) Gautam Malhotra sought to calm investor nerves on the high churn of senior executives at the billionaire Naveen Jindal-led firm.

time to read

2 mins

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PRISM moves to raise share capital

Initial public offering (IPO)-bound OYO's parent firm PRISM has initiated a fresh round of corporate actions, including an increase in its authorised share capital as part of its preparations for a potential public listing, sources said on Thursday.

time to read

1 min

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OpenAl lays groundwork for major IPO at up to $1 tn valuation

OpenAl is laying the groundwork for an initial public offering (IPO) that could value the company at up to $1 trillion, three people familiar with the matter said, in what could be one of the biggest IPOs of all time.

time to read

1 min

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L&T: Robust Q2, yet risks loom

Shares of Larsen & Toubro Ltd hit a record ₹4062.60 on Thursday following a strong show in the September quarter (Q2FY26).

time to read

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Sampling the best of Bangkok's cuisine

With its mix of street food stalls and Michelin-starred restaurants, no city, except perhaps Mexico City, offers the range of food Bangkok does

time to read

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