Correspondent, IndianRetailer.com & Retailer Media Feb 24, 2025/
Swiggy Ltd has announced a Rs 1,000 crore investment in its subsidiary, Scootsy, aimed at expanding its operations. The announcement follows a board meeting and was disclosed through an exchange filing.
At 10:40 am IST on Monday, Swiggy shares were trading at Rs 356.20 on the Bombay Stock Exchange (BSE), down 1.25 percent or Rs 4.50 from the previous close. The broader market was also down, with the BSE Sensex declining by 772.77 points (1.03 percent) to 74,538.29 and the NSE Nifty dropping by 234.10 points (1.03 percent) to 22,561.80.
Scootsy Logistics Private Limited, a fully owned subsidiary of Swiggy, will receive the investment through a rights issue. The funds will be used for working capital and capital expenditures related to business expansion.
Scootsy operates as a delivery platform offering supply chain services, distribution, and warehouse management. It also provides delivery services for food, groceries, stationery, clothing, and parcel logistics.
Swiggy was listed on the stock exchanges in November 2024. Since then, its shares have declined by 33.62 percent in 2025. Scootsy, founded in November 2014, reported a turnover of Rs 5,195.7 crore for the financial year ending March 31, 2024.
Krispy KremeLooking ahead, the Company expects to open at least 100 shops globally and three to four new international markets this year, including the…
ExpansionThe launch comes as demand for desserts continues to evolve, with consumers opting for more frequent consumption and seeking wider product variety…
GrowthPotential buyers are expected to focus on upgrading older store formats and improving operational efficiency, which may be easier to execute in a…
ExpansionThe launch reflects continued demand for experiential taproom formats in Bengaluru, particularly in corporate-led catchments such as Whitefield.
Copyright © 2009 - 2026 Restaurant India.