Archive · 31 Jul 2025
Swiggy's Q1 Losses Balloon; Re-evaluating Rapido Stake
Swiggy, a food delivery service, lost a lot of money in the first three months of the year.
While they made more sales, their expenses increased.
The food delivery part of the business made some money, but the quick commerce part (like Instamart) lost a lot.
Swiggy is also thinking about what to do with its investment in Rapido, a ride-hailing company, because Rapido is starting a food delivery service, which could cause problems for Swiggy.
Swiggy's Q1 losses reached ₹1,197 crore, significantly higher than the previous year.
Revenue increased by 54% year-over-year to ₹4,961 crore in the first quarter.
Food delivery revenue was ₹1,799 crore, with a profitable segment result of ₹202 crore.
Quick commerce, primarily Instamart, reported ₹806 crore in revenue but a ₹797 crore loss.
Swiggy is re-evaluating its investment in Rapido due to potential conflict of interest.
- Who
- Swiggy.
- What
- Swiggy reported increased losses and is re-evaluating its Rapido investment.
- When
- Q1 FY26, published July 31, 2025.
- Where
- India.
- Why
- Due to wider losses and a potential conflict of interest with Rapido.
Swiggy's Perspective
Rapido's Perspective
Investment Outlook
Swiggy's Perspective
Acknowledges potential conflict of interest.
Rapido's Perspective
Rapido's success is appreciated.
- Q1 FY26 Net Loss
- ₹1,197 crore
- Q1 FY26 Revenue
- ₹4,961 crore
- Food Delivery Revenue
- ₹1,799 crore
- Food Delivery Segment Result
- ₹202 crore
- Quick Commerce Revenue
- ₹806 crore
- Quick Commerce Segment Loss
- ₹797 crore
- Swiggy Stake in Rapido
- 12%
Sources
Swiggy Q1 results in focus as rival Zomato pulls ahead in quick commerce
Spencer’s Retail Q1 net loss widens to ₹61.61 crore as revenue declines
Swiggy Q1 Results: Loss nearly doubles YoY to ₹1,197 crore even as revenue surges 54%
Swiggy Q1 Results: Loss widens to Rs 1,197 crore even as revenue soars 53.97% – Here’s why
Swiggy Q1 Results: Net loss widens to ₹1,197 crore; Quick-commerce continues to bleed
Swiggy’s losses nearly double in Q1 to Rs 1,197 crore
Swiggy to re-evaluate Rapido stake citing potential conflict of interest
