The Economic Times

Swiggys India ownership shift could lift Instamart margins; Q2 loss widens to Rs 922 crore

Swiggy is transitioning to an India-owned structure to gain greater control over its Instamart operations and improve margins. The company aims to enhance profitability while managing competition from rival services like Blinkit and Zepto. Instamart's contribution margin is projected to improve, and overall growth is anticipated over the coming quarters. Swiggy's core food delivery business remains strong, showing significant growth and profitability.