India, Oct. 30 -- Foodtech major Swiggy reported yet another quarter of loss in Q2, with its quick commerce arm Instamart continuing to be the biggest contributor to its burgeoning losses. However, Instamart managed to reduce its adjusted EBITDA loss on a sequential basis

The quick commerce arm posted an EBITDA loss of INR 849 Cr in Q2 FY26, down 5.2% from INR 896 Cr in Q1. 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. Average order value also grew 40% YoY and 14% QoQ to INR 697 Cr in the quarter.

Instamart opened 40 new dark stores during the quarter under re...