Swiggy to shift Instamart to inventory-led model

Swiggy plans to transition Instamart from marketplace to an inventory-led model starting around mid-Q3 FY2027, with the shift expected to take two to three quarters. The move is projected to improve contribution margin by around 80 basis points and shorten the working capital cycle by eight to 10 days. Instamart’s adjusted EBITDA loss reached ₹895 crore in the September quarter.