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Swiggy Q2 Review— Inline Food Delivery Print; Instamart Beats Burn Expectations; HDFC Securities Maintains Add

Swiggy's planned fundraise aims to strengthen its cash reserve amidst competitive pressure.

<div class="paragraphs"><p>Swiggy’s food delivery gross order value grew 5.6% QoQ&nbsp;to Rs 85.4 billion despite challenging consumption patterns and weather-related disruptions.</p><p>(Source: Swiggy)</p></div>
Swiggy’s food delivery gross order value grew 5.6% QoQ to Rs 85.4 billion despite challenging consumption patterns and weather-related disruptions.

(Source: Swiggy)

On Swiggy's Q2 print, overall B2C gross order value grew 47.6% YoY (12.7% QoQ) to reach Rs 166.8 billion (in-line). Food delivery GOV grew 18.8% YoY to Rs 85.4 billion, largely driven by monthly transacting user addition (+17%). The segment witnessed heightened competition in terms of lowered subscription fee and reduced minimum order values; impact partially offset by platform fee hikes.
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