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 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.
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,
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 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,
Swiggy shares in focus as company plans up to Rs 1,000 crore investment in Scootsy Logistics’ expansion
Swiggy plans to invest up to Rs 1,000 crore in its subsidiary, Scootsy Logistics, through a rights issue to enhance supply ...
ndtvprofit1h
Stocks To Watch Today: Swiggy, Bharti Airtel, Niva Bupa, Aster DM
Vedanta, Zee Media Corp., Lupin and Paisalo Digital will be some of the other stocks to watch before going into trade.
Viral Post: College student pays fees working as swiggy delivery boy: ‘ ₹23 for driving 8.4 km, includes…’
A 20-year-old student’s Reddit post went viral after he shared his experience working as a night-time Swiggy delivery agent.
Stocks in news: Quality Power, Bajaj Auto, Zomato, Jio Financial, Swiggy, RVNL, Vedanta & Adani Green
Stocks including Quality Power, Bajaj Auto, Zomato, Jio Financial, Swiggy, RVNL, Vedanta, Adani Green, Lupin, Coal India will ...
DU triple honors student by day, Swiggy delivery boy by night: 20 year old reveals how much he earns per month
A 20-year-old DU student pursuing a triple honours degree in Computer Science, German, and Psychology self-funds his ...
inc427d
What Lies Ahead For Swiggy Instamart After Tepid Q3?
Last week, the Bengaluru-based consumer services giant announced its Q3 results, and ever since then, the startup’s share ...
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, Zomato shares recover after Q3 woes, gain up to 14% in 4 sessions; here's what brokerages say
The shares of food delivery rivals Swiggy and Zomato saw a strong surge in share prices on February 19. Swiggy shares jumped ...
Swiggy's valuation takes a huge 50% dip from its peak as stock plunges
The stock, which made its debut at Rs 420 per share on NSE and Rs 412 per share on the Bombay Stock Exchange (BSE) in ...