India, Aug. 4 -- Food delivery giant Swiggy's ambition to become the one-stop platform for urban convenience is undeniable, but when it comes to the business, profitability has remained inconveniently elusive.

Despite the major UI-UX overhaul last month giving the Swiggy app a new look, its Q1 FY26 financial numbers revealed a familiar picture: burn to grow.

At a time when the majority of the new age tech companies have turned profitable or are showing signs of profitability, Swiggy's loss continues to grow both sequentially and annually. The company reported a net loss that zoomed 96% to INR 1,197 Cr in the June quarter from INR 611 Cr in the year-ago quarter. On a sequential basis, the company's loss grew 11% from INR 1,081 Cr.

This ...