Online food delivery platform Swiggy’s net loss in the October-December quarter increased by 33% year-on-year to ₹1,065 crore. The company had suffered a loss of ₹799 crore in the same quarter last year. At the same time, the operational revenue of the company has increased by 54%. The company’s operational revenue in the third quarter of FY26 stood at Rs 6,148 crore. The company had generated revenue of ₹3,993 crore in the same quarter last year. 4 big things about Swiggy’s results Instamart’s growth increased: Swiggy’s ‘Instamart’ business has performed the best. Its total sales have doubled (103%) compared to last year to ₹7,938 crore. Not only are people now ordering more, but their order sizes have also become larger (average ₹746). Strength in food delivery also: The food delivery business has seen the fastest growth in the last 3 years. Its sales have increased by 20.5%. Now the number of active customers ordering food from Swiggy every month has increased to 1.81 crore. Number of dark stores increased: Swiggy has increased the number of its dark stores (where goods are stored) to 136, which are now spread across 31 cities in the country. The company has also increased the size of its stores so that customers can get more variety of goods. Expenses increased tension: The main reason for increasing losses of the company is its increasing operational expenses, which have increased by 49% to ₹ 7,298 crore. The company is spending a lot of money on advertising, network expansion and delivery, due to which despite increasing earnings, it is incurring losses. The company started from Bengaluru. Swiggy was started from Koramangala, Bengaluru. Founders Nandan Reddy and Sriharsha Majeti started the company with a few delivery partners and about 25 restaurants. Swiggy was not available on the app at that time. Therefore, people used to go to its website and choose their favorite restaurant and order food. People started liking Swiggy’s service and due to this the company started getting recognition. The company launched its own app in the early months of 2015. With the help of the app, ordering food became easier for the customer. India’s fastest unicorn Swiggy is the fastest growing unicorn company in India. The company took less than 4 years to reach the unicorn level. The company, which was started in 2014, had become a company with a valuation of Rs 10 thousand crore by 2018.
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Swiggy losses at ₹1,065 crore: Increase by 33% in October-December quarter; Revenue increased by 54% to ₹6,148 crore
