Bengaluru, Oct. 30 -- Swiggy Ltd reported another unprofitable quarter this fiscal, weighed down by increased spending on its quick commerce arm Instamart, highlighting the tough road to profitability in rapid delivery.

Swiggy's net loss widened to Rs.1,092 crore against Rs.626 crore in the year-ago period. It reported an operating revenue of Rs.5,561 crore, a 54.4% year-on-year jump, surpassing Rs.5,280 crore average estimate of analysts surveyed by Bloomberg.

The company is mulling raising up to Rs.10,000 crore through a qualified institutional placement (QIP) and other permissible routes to fortify its balance sheet and maintain flexibility in India's fiercely competitive quick commerce market. This comes almost a year after listed r...