{
  "id": 16142786,
  "title": "Swiggy narrows loss in Q2; eMudhra cofounder on what went wrong",
  "url": "https://urgent.news/2026/10/23/swiggy-narrows-loss-in-q2-emudhra-cofounder-on-what-went-wrong",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-23T02:07:17.000Z",
  "source": {
    "name": "Economic Times Tech",
    "slug": "economic-times-tech",
    "url": "https://economictimes.indiatimes.com/tech/newsletters/morning-dispatch/swiggy-narrows-loss-in-q2-emudhra-cofounder-on-what-went-wrong/articleshow/135131640.cms"
  },
  "original_language": "en",
  "account": "Swiggy reported a 36% year-over-year increase in operating revenue to Rs 7,571 crore for Q2 FY27, while its net loss narrowed by 16% to Rs 922 crore. CEO Sriharsha Majety acknowledged the eMudhra incident involving exposed keys to AI but maintained the company's focus on building a stable, resilient business. eMudhra cofounder Kaushik Srinivasan defended the incident, stating it was just a bad day and could happen to anyone. The security breach involved eight intermediate digital certificates under eMudhra's global Public Key Infrastructure (PKI) and was discovered after a researcher reported it to Google and other technology companies. In response, eMudhra decided to voluntarily withdraw from the global SSL/TLS certificate business.",
  "summary": "Happy Friday! Swiggy reported a rise in revenue in Q2 FY27 while cutting its losses. This and more in today’s ETtech Morning Dispatch.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}