Swiggy Instamart continues to scale rapidly in terms of orders and users, even as profitability remains elusive for the quick commerce business. During the quarter ended December 2025, Instamart processed 106.4 million orders from 12.8 million users, with an average order value (AOV) of Rs 746. The company operated 1,136 active dark stores during the period.
However, the growth came at a significant cost. Instamart reported a loss of Rs 908 crore in the quarter, making it Swiggy’s largest loss-making vertical. Despite quarterly revenue crossing Rs…

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