Swiggy To Invest Rs 10 Bn In Supply Chain Unit

India's Swiggy to invest $115 million in supply chain unit amid quick-commerce expansion
(Reuters) -Indian food and grocery delivery firm Swiggy said on Friday it will invest up to 10 billion rupees ($115.47 million) in its supply chain subsidiary, amid an ongoing expansion of its fast-growing quick-commerce arm Instamart.
Swiggy to invest Rs 1,000 crore in supply chain arm
Swiggy announced a Rs 1,000 crore investment in its supply chain subsidiary, Scootsy, following a Rs 1,600 crore infusion in December, reinforcing its push into logistics.
Swiggy To Invest INR 1,000 Cr In Subsidiary Scootsy
Foodtech major Swiggy plans to invest INR 1,000 Cr in its wholly owned subsidiary Scootsy Logistics Pvt Ltd. In an exchange filing, the company said that its board approved the investment by subscribing to a rights issue in one or more tranches. The transaction will value one share of the subsidiary at INR 7,640.
India's Swiggy to invest up to $115 mln in supply chain subsidiary
Indian food and grocery delivery firm Swiggy said on Friday it will invest up to 10 billion rupees ($115.47 million) in Scootsy, a subsidiary engaged in supply chain services and distribution.
Swiggy to invest $115 mln in supply chain unit amid quick-commerce expansion
Swiggy announced an investment of up to 10 billion rupees in its supply chain subsidiary Scootsy to boost its quick-commerce arm Instamart. This move follows a 16 billion rupee investment last December,
Swiggy To Invest Rs 10 Bn In Supply Chain Unit - Details
Swiggy on Friday, February 22 said it will invest $115,47 Mn or Rs 10 Billion. in its supply chain subsidiary called Scootsy. The development come at a time when Instamart, Swiggy's quick-commerce arm was growing,
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Swiggy to invest up to Rs 1,000 Cr in Scootsy amid heavy dark store expansion
Swiggy's investment in Scootsy, which looks at company's dark store network, comes as competition in quick commerce heats up.
Swiggy to invest Rs 1K crore in Scootsy Logistics in one or more tranches
This investment is for working capital and other capital expenditures as part of the company's business expansion, said the ...
Swiggy to invest Rs 1,000 crore in wholly-owned arm Scootsy
The investment by the food delivery and quick commerce firm will be made for working capital and capex by the supply chain ...
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