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Swiggy posts widened loss of Rs 1,065 Cr in December quarter as Instamart expenses mount

Despite a 53% revenue jump, Swiggy's Q3 loss widened to Rs 1,065 crore, up from Rs 799 crore a year ago. Heavy spending on Instamart in customer acquisitioon and store infrastructure deepened the red ink, overshadowing profits in the food delivery arm.