Instamart, Swiggy’s quick commerce arm, saw gross order value (GOV) grow 21% year-on-year to Rs 5,655 crore, while operating losses widened to Rs 896 crore, up 181% from Rs 318 crore in Q1 FY25. Founder and group CEO Sriharsha Majety said competitive intensity remains high from both ‘QComm-only’ and ‘QComm-also’ players.