22 Sep 2025 | 5 Mins Read
JM Financial urges Swiggy to raise over $500 million
Flipitmoney
Swiggy, a food and grocery delivery company, may need to raise over $500 million to sustain and grow its Instamart quick commerce business. The Bengaluru-based firm reported widening losses for five consecutive quarters, crossing Rs 6,600 crore ($785 million) in cumulative losses. Instamart has grown over 100% year-on-year but loses share to competitor Blinkit.