Swiggy narrows loss in Q2; eMudhra cofounder on what went wrong
Swiggy reported a 36% rise in Q2 FY27 revenue to ₹7,571 crore while narrowing its net loss by 16% to ₹922 crore. The company plans to transition its Instamart to an inventory model, potentially improving margins. CEO Sriharsha Majety emphasized the need for a stable business model as competition intensifies in the quick commerce sector.