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flag Swiggy reports doubled net losses to ₹1,197 crore but sees revenue surge by 54% in Q1 2025-26.

flag Swiggy, a food and grocery delivery company, reported a significant increase in net losses to ₹1,197 crore for the first quarter of 2025-26, nearly doubling from the previous year. flag Despite the losses, the company saw a strong revenue growth of 54% to ₹4,961 crore. flag The quick commerce division, Instamart, contributed significantly to the increased losses, with its financial strain rising sharply. flag Food delivery revenue increased by nearly 20%, while quick commerce revenue more than doubled.

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