Swiggy Considers ₹10,000 Crore Funding Amid ₹1,092 crore Loss

Swiggy vs Zomato: The Battle Between Growth and Profitability

Swiggy reported a consolidated net loss of ₹1,092 crore for the quarter ended September 30, 2025 (Q2 FY26), compared to ₹626 crore in the same period last year.

The losses are primarily attributed to heavy investments in its Instamart quick-commerce business, increased rider incentives, and technology infrastructure costs. Swiggy is clearly in a growth phase — prioritizing scale and market share over near-term profitability.

In contrast, Zomato has successfully transitioned into profitability. For Q2 FY26, Zomato reported a net profit of ₹39 crore, marking its third consecutive profitable quarter.

Zomato’s focus on cost control, better delivery efficiency, and the successful integration of Blinkit has helped it achieve consistent growth while keeping expenses under control.

Recent industry estimates suggest that Blinkit has overtaken Instamart in Gross Order Value (GOV) in top metropolitan areas, driven by faster delivery times and a stronger dark-store network.

Unlike Swiggy, which is still in an aggressive expansion mode, Zomato is prioritising sustainable profitability and long-term stability.

In the quick-commerce race, Swiggy’s Instamart and Zomato’s Blinkit are key rivals. Blinkit has recently gained ground in major cities, while Swiggy plans to use its upcoming funds to expand further into smaller towns.

For investors, Zomato has already demonstrated viability as a public company, with its stock gaining steadily on the back of improved earnings and positive cash flow.

Swiggy, meanwhile, is still a private entity, backed by investors such as Prosus and SoftBank.

In conclusion, Swiggy is chasing growth while Zomato is cementing profitability. Their contrasting strategies show two paths to dominance in India’s fast-evolving food-tech market.