Advertisement
Wednesday, Dec 07, 2022
Outlook.com
Outlook.com

Swiggy Acquires Delivery Platform Scootsy For Approximately Rs 50 Crores

Swiggy Acquires Delivery Platform Scootsy For Approximately Rs 50 Crores
Swiggy Logo | Web/Swigg.com
Swiggy Acquires Delivery Platform Scootsy For Approximately Rs 50 Crores
outlookindia.com
2018-08-02T14:38:31+05:30

Food ordering and delivery firm Swiggy on Thursday said it has acquired Mumbai-based on-demand delivery platform Scootsy.

The all-cash acquisition of Scootsy is for approximately Rs 50 crore, a sources in knowledge of the deal said.

With this acquisition, Swiggy will further strengthen Scootsy's curated restaurant network and help the brand expand to newer cities on the back of its operational excellence and back-end strength, Swiggy said in a statement.

Scootsy will continue to operate as an independent app post the acquisition, it added.

Commenting on the development, Swiggy CEO Sriharsha Majety said, "With a shared belief of providing a superior user experience, its addition will extend the convenience and reliability that Swiggy is synonymous with."

As Swiggy brings with it a conducive ecosystem and the right resources for expansion, the acquisition will enable Scootsy's expansion across Mumbai as well as propel its foray into 4-5 major Indian cities in the coming months, the statement said.

"As we continue to evolve with our much-loved user experience, our users will benefit from Swiggy's operational excellence and deep understanding of the ecosystem," Scootsy CEO Sandeep Das said.

The acquisition will extend the breadth and selection of company's existing network of 40,000 restaurants by adding more curated restaurants to it, Swiggy said.

PTI 

Advertisement

Outlook Newsletters

Advertisement
Advertisement
Advertisement

Read More from Outlook

Lament Of Separation: Songs Of Habba Khatun, Last Queen Of Kashmir, Still Echo In Valley

Lament Of Separation: Songs Of Habba Khatun, Last Queen Of Kashmir, Still Echo In Valley

In happy times and sad, Habba Khatun’s sensuous songs make both young and old emotional. With the never-ending conflict bringing tragedies to every doorstep, Habba’s lyrics of separation amplify their mourning.

How Indian Laws Govern People’s Right To Love And Live

How Indian Laws Govern People’s Right To Love And Live

In India, only those relationships between a man and a woman are considered to be legitimate when there is a marriage between the two.

Kohli Quits Test Captaincy, Leaves Leadership Vacuum

Kohli Quits Test Captaincy, Leaves Leadership Vacuum

Virat Kohli, 33, had recently stepped down as India's T20I captain and was subsequently removed as the ODI captain.

UP Elections 2022: How Congress Is Harnessing Power Of 'Persecuted' Women To Counter BJP

UP Elections 2022: How Congress Is Harnessing Power Of 'Persecuted' Women To Counter BJP

A Mahila Congress leader, who is the face of the ‘Ladki Hoon, Lad Sakti Hoon’ campaign, however, has accused the party of anti-women bias after she was denied a ticket.

Advertisement