Swiggy Instamart delivers 101% YoY growth in Q4 GOV; loss doubles
Quick commerce giant
Swiggy Instamart
reported a 101% year-on-year (YoY) growth in its
gross order value
(GoV) to reach Rs 4,670 crore in the January-March quarter of the financial year 2025, on Friday.
Swiggy
Instamart added 316 new dark stores, which is more than the total additions in the last eight quarters, in this quarter alone. It also expanded its presence to 124 cities. The app's average order value increased by 13% YoY to Rs 527 in the fourth quarter of FY2025.
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'Quick commerce is in a phase of rapid expansion and heightened competitive intensity, for which we have ramped up investments aimed at market expansion (Megapods), reach (1,000+ stores across 124 cities) and differentiation (Maxxsaver),'
Sriharsha Majety
, managing director and group CEO of Swiggy, said in the stock exchange filing.
The platform's overall revenue from operations, both food delivery and quick commerce, rose 45% YoY to Rs 4,410 crore. However, its losses doubled to Rs 1,081 crore from Rs 554 crore reported in the same period last year due to aggressive spending on its quick commerce arm as competition intensifies.
by Taboola
by Taboola
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