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Swiggy to invest up to Rs 1000 Cr in Scootsy amid heavy dark store expansion

YourStory LogoYourStory1d ago

Swiggy to invest up to Rs 1000 Cr in Scootsy amid heavy dark store expansion - YourStory

Quick Summary:

Swiggy's investment in Scootsy, which looks at company's dark store network, comes as competition in quick commerce heats up.

Following the allotment, Swiggy's paid-up equity share capital of the Company stands increased from Rs.226 crore to Rs 228 crore.equity shares of the company," Swiggy stated in a filing made with the exchanges.

However, it closed the subsidiary's operations in 2020 after the subsidiary incurred losses.

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Swiggy to invest up to Rs 1000 Cr in Scootsy amid heavy dark store expansion - YourStory (Picture 1)Swiggy to invest up to Rs 1000 Cr in Scootsy amid heavy dark store expansion - YourStory (Picture 2)

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Article Details

Author / Journalist: Akshita Toshniwal

Category: StartupsEconomyBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-21 @ 14:36:51 (1 days ago)

News Timezone: GMT +8:00

News Source URL: yourstory.com

Language: English

Article Length: 273 words

Reading Time: 2 minutes read

Sentences: 18 lines

Sentence Length: 16 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © YourStory

News ID: 26319679

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About YourStory

YourStory Logo

Main Topics: StartupsEconomyBusiness

Official Website: yourstory.com

Update Frequency: 10 posts per day

Year Established: 2008

Headquarters: India

News Last Updated: 9 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #44

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The story "Swiggy to invest up to Rs 1000 Cr in Scootsy amid heavy dark store expansion" was covered 1 days ago by YourStory, a news publisher based in India.

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  • URL: https://chronographically.beamstart.com/news/swiggy-to-invest-up-to-17401491198287

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