Fundraising Plan: The board is set to consider raising up to ₹10,000 crore (approx. $1.1 billion) through a Qualified Institutional Placement (QIP) to strengthen its balance sheet and support growth, especially for quick commerce. Q2 FY26 Financials: Revenue saw strong growth, increasing 54% year-on-year to ₹5,561 crore. Net Loss widened to ₹1,092 crore (up from ₹626 crore a year ago), primarily due to higher expenses, but was a slight improvement from the previous quarter. Business Performance: Instamart (Quick Commerce) showed high growth, with Gross Order Value (GOV) surging 107.6% year-on-year. Food Delivery business GOV grew by 18.8% year-on-year, with improved adjusted EBITDA margins. Strategic Moves: Approved the sale of its entire stake in bike-taxi startup Rapido for approximately ₹2,400 crore. Transferred the Instamart business to a new wholly-owned subsidiary as part of a restructuring. Launched a separate app, 'Toing,' to focus on the affordable food delivery market. Increased the platform fee in some areas to manage costs.

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