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Swiggy prioritises profitability over quick commerce spending

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CEO Sriharsha Majety says the company will not match Amazon and Walmart in quick commerce spending

Swiggy shares fell over 30% in 2026, and Instamart growth slowed for two consecutive quarters

The company has ₹150 billion in cash and improved Instamart unit economics by 5-6 percentage points

Swiggy CEO Sriharsha Majety says the company will not match spending by Amazon and Walmart in quick commerce.
Swiggy prioritises profitability over market share in quick commerce.
Swiggy raised about ₹100 billion ($1 billion) in December 2025.
Swiggy shares fell more than 30% in 2026 as of May 28.
JM Financial analysts warned in April 2026 that Swiggy risks losing relevance if it cedes momentum in quick commerce.
A shareholder vote on governance restructuring narrowly failed in early May 2026.
An investigation found five restaurant listings on Swiggy in Gurugram sharing the same FSSAI license number and address.
Swiggy declined to participate in the story about duplicate listings.
The Gig and Platform Service Workers Union called for a five-hour shutdown on May 16, 2026 protesting fuel price hikes.
Swiggy said delivery times are improving as gig workers return after state elections and peak harvest season.
Swiggy food delivery orders jumped 32.31% during IPL 2026 compared with IPL 2025.
Swiggy Dineout bookings climbed 41% year-on-year during IPL 2026.

Swiggy's decision to prioritise profitability comes as its quick commerce unit Instamart growth slowed for two consecutive quarters.
Instamart added only seven stores in the March 2026 quarter.
Swiggy has ₹150 billion in the bank as of May 2026.
Instamart improved unit economics by five to six percentage points over the past four quarters.
Swiggy's food-delivery growth accelerated to its strongest pace in nearly four years in the March 2026 quarter.

Swiggy is one of India's leading quick commerce firms.
It also operates one of India's top two meal delivery apps.
Swiggy's Instamart unit operates more than 1,100 small warehouses across Indian cities.
Instamart delivers groceries, electronics, and household items in minutes.
Swiggy is building a private-label grocery business around fresher, harder-to-source products like short-shelf-life cottage cheese and fresh clotted cream.
Swiggy also offers Swiggy Dineout for restaurant reservations and dining deals.

Swiggy expects delivery partner supply to normalise over the next couple of weeks as of May 10, 2026.
Swiggy will continue to prioritise profitability over market share in quick commerce.