Image Source: Inc42
Food ordering giant Swiggy has officially ventured into highend lifestyle and travel concierge with the beta launch of its new app, Crew. It's a strategic shift away from food and quick commerce into India's growing universe of highend consumers.
What Crew Provides
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Crew is a personalized concierge mobile service that offers services including international driving permit services, personalized travel planning, and gift search within set budgets.
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The app is in beta and is now available to a small group on iOS and Android.
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It brings together human concierges and AI to attend to routine and unexpected tasks, in between holiday booking and sourcing unusual products.
Strategic Context
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Crew is Swiggy’s second attempt to tap into the premium segment, following last year’s pilot of Rare Life, a subscriptionbased concierge service that never became a standalone app.
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This launch forms part of Swiggy's broader bets on diversification, including others such as Pyng (a consumerfacing professional services marketplace) and Assure (a B2B restaurant procurement platform).
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The company is adopting a 'house of apps' strategy similar to the world's top technology leaders to get people participating in highmargin verticals.
IPO Watch
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With a possible IPO on the horizon, Swiggy seems to be making investments in its nonfood business to win over investors and get new customers.
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Crew's invitation rollout suggests a phased release, which can be finetuned before a wider distribution.
Sources: News18, The Hindu BusinessLine, Inc42, NewsBytes, YourStory, The Economic Times.
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