Swiggy to Invest ₹1,000 Crore in Scootsy Logistics for Business Expansion

Swiggy Limited has planned to invest up to ₹1,000 crore in its wholly-owned subsidiary Scootsy Logistics. The investment, approved by the board of Swiggy on February 21, 2025, will be through a rights issue in one or multiple tranches. The amount will be utilized towards working capital and capital expenses for enabling the business growth of Scootsy in supply chain services and distribution. Scootsy is a specialist in warehouse management, order fulfillment, and last-mile delivery solutions. The investment will help Swiggy's logistics capabilities and reinforce its competitive advantage in the food delivery and quick-commerce segments. Scootsy has grown considerably, accounting for 42% of Swiggy's Q3 FY25 operating revenue.

 

Source: Moneycontrol