Swiggy losses: Swiggy loss widens to Rs 799 crore in Q3, Instamart margins hit amid competition

Swiggy reported a 31% growth in operating revenue at Rs 3,993 crore for the December quarter, even as its losses widened to Rs 799 crore from Rs 574 crore a year ago. The losses increased largely on account of investments in its quick commerce business, which has also seen rising competition from Blinkit and Zepto. This led to pressure on margins, as the contribution margin for the quick commerce business fell to -4.6% in Q3FY25 from -1.9% in Q2FY25. The Bengaluru-based firm’s food delivery business saw gross order value (GOV) grow 19.2% YoY to Rs…