Swiggy Reports ₹6,148 Crores in Revenue for Q3 FY26, Sees 32% Surge in Losses
Swiggy reported a 54% growth in operating revenue to Rs 6,148 crore, though losses increased to Rs 1,065 crore.
Swiggy reported a 54% growth in operating revenue to Rs 6,148 crore, though losses increased to Rs 1,065 crore.
Swiggy has piloted a physical store for Instamart in Gurugram, testing a limited offline format.
Swiggy has closed its Rs 10,000 crore QIP, raising funds from institutional investors at Rs 375 per share.
Swiggy has secured approval to raise Rs 10,000 crore via QIP, aiming to boost its capital base and growth.
The Ministry of Consumer Affairs reported that 26 e-commerce platforms declared their interfaces free from dark patterns.
Swiggy's revenue surged 54% to Rs 5,561 crore, but losses swelled 74% to Rs 1,092 crore in Q2 FY26.
Swiggy announced the sale of its stake in Rapido for Rs 2,399.5 crore, securing over a 2.3X return.
Institutional investors rotated positions in the stock market, focusing on bulk deals in food delivery.
Rapido has launched its food delivery app Ownly in select Bengaluru neighborhoods amid pilot challenges.
Swiggy aims for profitability by mid-2026, with Instamart significantly boosting its growth and margins.