India, Aug. 6 -- Swiggy is banking on its affordable meals platform Toing and quick commerce business Instamart to achieve a consolidated adjusted EBITDA of Rs.10,000 Cr by FY31.

At its Capital Markets Day, the foodtech major outlined its long-term growth roadmap, projecting an overall gross order value (GOV) of Rs.2.5 Lakh Cr by FY31, driven by sustained growth across food delivery, quick commerce, and dining-out.

For its food delivery business, Swiggy expects adjusted EBITDA to increase fivefold from about Rs.1,000 Cr in FY26 to Rs.5,000 Cr by FY31. To achieve this, the company plans to strengthen its core food delivery operations, expand affordability initiatives such as Toing, and drive monetisation through scale efficiencies.

Mean...