Instamart’s Adjusted EBITDA Loss Declines 5.2%

On a YoY basis, adjusted EBITDA loss zoomed 136.4% from INR 359 Cr as Swiggy continued to burn cash for the vertical

Instamart’s gross order value zoomed 108% YoY and 24% QoQ to INR 7,022 Cr during the quarter under review

Instamart opened 40 new dark stores during the quarter under review, taking its total store count to 1,102 across 128 cities

Foodtech major Swiggy reported yet another quarter of loss in Q2, with its quick commerce arm Instamart continuing to be the…