Swiggy Instamart falls further behind Blinkit as losses widen 30% and JM Financial values arm at zero
FY26 losses widened 30% to Rs 4,000cr+ on Rs 4,200cr ad spend. Instamart added just 0.5M MTUs to 13.3M while Blinkit added 3.6M in a single quarter to 27M+. AOV slipped to Rs 700 from Rs 746. Stock down 40% since September; JM Financial ascribes zero value to Instamart.
FY26 losses widened 30% to Rs 4,000cr+ on Rs 4,200cr ad spend. Instamart added just 0.5M MTUs to 13.3M while Blinkit added 3.6M in a single quarter to 27M+. AOV
The Ken · Stream · 5/13/2026, 10:34:46 PM · Ask about this →