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flag Swiggy's net loss widened in Q2 FY26 despite revenue growth and a planned $1.1B fundraise.

flag Swiggy reported a wider net loss of ₹1,092 crore in Q2 FY26 compared to last year, though it narrowed sequentially, driven by strong growth in its quick commerce arm Instamart. flag Revenue rose 54% year-on-year to ₹5,561 crore, supported by a 24% increase in gross order value and improved EBITDA margins. flag The company is planning a ₹10,000 crore ($1.1 billion) fundraise via a QIP to strengthen its balance sheet amid rising competition and high cash burn. flag It also plans to sell its stake in Rapido to raise ₹2,400 crore, bringing total cash to about ₹7,800 crore. flag Swiggy is evaluating a shift to an inventory-led model, which would require changes in ownership structure due to FDI rules.

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