Food delivery and quick commerce major Swiggy reported a sharp widening of losses in the third quarter, underlining the high cost of scaling operations in India’s intensely competitive consumer internet market. For Q3, the Bengaluru-based company posted a consolidated net loss of INR 1,065 crore, marking a 33% year-on-year increase compared to the same period last year.
The widening losses come even as Swiggy continued to record steady growth in its core food delivery business and accelerated investments in newer verticals such as quick commerce, particularly through its Instamart platform. The results highlight the trade-off the company is making between near-term profitability and long-te
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