Swiggy Q3 loss widens on Instamart burn; revenue grows 54%

Swiggy reported a 54% increase in operating revenue to Rs 6,148 crore for the third quarter of this financial year, while its net loss widened 33% to Rs 1,065 crore. Instamart, continued to be a drag on profitability as operating losses for the unit widened after one quarter of dip – coming in at Rs 908 crore, up 57% year-on-year.