Food delivery GOV grew 22.6% YoY to Rs 9,005 cr with Adj EBITDA margin at 3.3%, but order frequency slipped to 4.01/user/month. Instamart GOV jumped 68.8% to Rs 7,881 cr across 1,143 darkstores in 129 cities, contribution margin improved to -1.8%. Losses narrowed to Rs 800 cr; cash pile at Rs 15,053 cr after Rs 10,000 cr QIP.

MediaNama · 5/13/2026, 10:41:14 PM