Friday, 21 February, 2025

Swiggy Commits ₹1,000 Crore to Supply Chain Subsidiary Scootsy Amid Quick-Commerce Expansion

Swiggy has announced plans to invest up to ₹1,000 crore in its wholly-owned subsidiary, Scootsy, to bolster its supply chain services and distribution capabilities. This strategic move aims to support the rapid growth of Swiggy's quick-commerce platform, Instamart. The investment, approved by Swiggy's board, will be executed through a rights issue in one or more tranches.