Funding · Commerce & Consumer Brands

Swiggy to invest ₹1,000 crore in Scootsy Logistics for expansion

By Startup Enthusiast · 24 February 2025

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Swiggy is investing up to ₹1,000 crore in its subsidiary Scootsy Logistics to boost logistics and supply chain operations

The funds will be used for working capital and capital expenditures to strengthen Scootsy’s infrastructure

Scootsy’s revenue grew significantly, reaching ₹5,795.7 crore in FY24, and it contributed 42% of Swiggy’s operating revenue in Q3 FY25

Swiggy Limited, a food delivery and quick-commerce platform, announced an investment of up to ₹1,000 crore (about $117 million) in its wholly owned subsidiary, Scootsy Logistics.
The investment will be made through a rights issue in one or more tranches, with shares priced at ₹7,640 per share, including a premium of ₹7,630 per share.
The funds will be used for working capital and capital expenditures to strengthen Scootsy’s logistics and supply chain infrastructure.
Scootsy Logistics specializes in supply chain services, including warehouse management, order fulfillment, and last-mile delivery solutions.
Scootsy’s revenue grew significantly, reaching ₹5,795.7 crore in FY24 from ₹3,686.2 crore in FY23 and ₹1,580.3 crore in FY22.
In Q3 FY25, Scootsy contributed 42% of Swiggy’s overall operating revenue, with income rising 23% quarter-over-quarter to ₹1,692 crore.

Swiggy’s investment aims to enhance scalability, optimize delivery operations, and strengthen its competitive position in the logistics and quick-commerce space.
Despite the capital infusion, Swiggy’s ownership in Scootsy remains unchanged, and the subsidiary will continue operating under its existing structure.
The move aligns with Swiggy’s strategy to expand its logistics network and improve service efficiency as it competes with industry rivals.

Swiggy is a food delivery and quick-commerce platform that delivers groceries, meals, and other daily essentials to customers across India.
Scootsy Logistics, a subsidiary of Swiggy, provides supply chain and logistics services, including warehouse management, order fulfillment, and last-mile delivery.
Scootsy’s services support Swiggy’s operations by ensuring efficient delivery and inventory management.
Scootsy has grown rapidly, with revenue increasing from ₹1,580.3 crore in FY22 to ₹5,795.7 crore in FY24.
Scootsy contributes significantly to Swiggy’s revenue, with 42% of Swiggy’s operating revenue coming from Scootsy in Q3 FY25.

Swiggy plans to use the investment to improve delivery operations and strengthen its logistics network.
The company aims to enhance consumer satisfaction and quicken delivery times, which are key competitive advantages in the on-demand sector.

Swiggy Limited (investor) — Swiggy is a food delivery and quick-commerce platform that has expanded into logistics and supply chain services through its subsidiary, Scootsy Logistics.