Food and grocery delivery platform rel=”dofollow” href=”https://economictimes.indiatimes.com/swiggy-ltd/stocks/companyid-2232501.cms” data-ga-onclick=”Inarticle articleshow link click#Tech#href” target=”_blank”>Swiggy saw its net loss almost double to Rs 1,081 crore during the January-March quarter, as it aggressively expanded its ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/quick-commerce” target=”_blank”>quick commerce network in the period, adding nearly four dark stores per day.Growth in quick commerce also pushed the company’s consolidated operating revenue, which rose 45% year-on-year (YoY) to Rs 4,410 crore.
Founder and group CEO data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/tech/startups/swiggy-instamarts-operating-losses-peaked-in-q4-says-sriharsha-majety/articleshow/121030879.cms” data-type=”tilCustomLink” target=”_blank”>Sriharsha Majety pointed out that investments made by ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” target=”_blank” href=”https://economictimes.indiatimes.com/tech/swiggy”>Swiggy in the 10-minute grocery delivery business Instamart peaked during the fourth quarter of fiscal 2025,…
