Feb 22, 2025
Business DeskThe investment will be to the tune of $115,47 Mn or Rs 10 Billion in Scootsy
Source: Pixabay
Scootsy is the supply chain and logistics subsidiary of Swiggy
Source: Linkedin
Scootsy provides warehouse management and processing to improve order deliveries and other stakeholder management in the supply chain.
Source: Unsplash
The platform made Rs 16 Bn in December 2024.
Source: Pixabay
Swiggy said its investment in Scootsy will probably take place in one or more tranches and is part of the company's business expansion.
Source: @vishlbhardwaj/ X.com
Like Eternal's (formerly Zomato) investment in Blinkit, Swiggy has ramped up its quick-commerce arm Instamart.
Source: X
The investment in quick commerce has put pressure on both the companies.
Source: Zomato, Swiggy
In the last quarter of October to December, Swiggy's revenue from supply chain services has risen about 23 per cent year-on-year to Rs 16.93 Bn Rupees.
Source: Pixabay
It looks like the food delivery apps are in a race
Source: Pixabay
It will possibly increase the efficiency of fodd delivery
Source: Unsplash