Has Swiggy Instamart Come Out Of The Food Delivery Shadow?

Food delivery giant Swiggy’s ambition to become the one-stop platform for urban convenience is undeniable, but when it comes to the business, profitability has remained inconveniently elusive. 

Despite the major UI-UX overhaul last month giving the Swiggy app a new look, its Q1 FY26 financial numbers revealed a familiar picture: burn to grow.

At a time when the majority of the new age tech companies have turned profitable or are showing signs of profitability, Swiggy’s loss continues to grow both sequentially and annually. The company…