Instamart posts 1st QoQ GOV drop 0.7% amid 68% growth
NewsBytes | May 8, 2026 9:39 PM CST
Swiggy revenue rises to 6,383 cr
Even with Instamart's small dip, Swiggy as a whole is doing well: overall revenue jumped 45% year-over-year to ₹6,383 crore and losses shrank by 26%.
The company says it's focusing on building a sustainable business and aims for over ₹1 lakh crore in net order value over the medium term.
Competitors like Blinkit are seeing similar trends too; the quick commerce space is clearly maturing and prioritizing profits over breakneck expansion.
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