Swiggy to invest up to $115 mln in Scootsy, a food delivery and logistics company

Swiggy, a popular Indian food delivery and ordering platform that connects customers with local restaurants and food establishments, said on Friday that it will invest up to 10 billion rupees ($115.47 million) in Scootsy, a subsidiary engaged in supply chain services and distribution. Founded in 2014, Swiggy allows users to browse menus, place orders, and track the status of their deliveries in real-time.

Swiggy partners with a wide range of restaurants, from street food vendors to high-end eateries, offering a diverse selection of cuisines and dishes. The platform provides various features, such as real-time order tracking, live updates on delivery status, customer reviews and ratings, multiple payment options, discounts and promotions. Swiggy operates in over 500 cities across India, making it one of the largest food delivery platforms in the country.

Scootsy, on the other hand, is a food delivery and logistics company that operates in various cities, particularly in the United States. They partner with local restaurants and food establishments to offer delivery services to customers.

Scootsy’s platform allows users to browse menus, place orders, and track the status of their deliveries in real-time. They often focus on partnering with high-end or specialty restaurants that may not typically offer delivery services.

(Source: Reuters)