Swiggy Acquires On-Demand Delivery Platform Scootsy, Reportedly For Rs 50 Crore

Indian online food ordering and commitment platform Swiggy on Thursday confirmed it has acquired Mumbai-based on-demand delivery platform Scootsy in an all-cash deal which is likely to exist to the tune of Rs 50 crore.

With this conquering, Swiggy will strengthen Scootsy'south curated eating place network and assistance the brand expand to newer cities on the back of its operational excellence and backend strength, the visitor said in a statement.

Scootsy, an intra-city online service founded in 2015, will continue to operate as an independent app postal service the acquisition.

Swiggy Confirms Scootsy Acquisition, Reportedly For Rs 50 Crore

"Scootsy enjoys loyalty from both its eatery partners and the consumer. With a shared conventionalities of providing a superior user experience, its add-on volition extend the convenience and reliability that Swiggy is synonymous with," said Sriharsha Majety, CEO, Swiggy.

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

"We are excited to become a office of Republic of india'due south largest food ordering and delivery platform," said Sandeep Das, CEO, Scootsy, calculation that its users will benefit from Swiggy's operational excellence and deep agreement of the ecosystem.

Swiggy Confirms Scootsy Acquisition, Reportedly For Rs 50 Crore

Swiggy in June raised $210 1000000 in a Series Yard funding from S Africa's Cape Town-based Cyberspace company Naspers and Hong Kong-based Internet investment business firm DST Global.

So far, Swiggy has raised over $460 million, after $100 million investment in February and almost $80 million in May 2017.

Founded in 2014, Swiggy delivers food across 15 Indian cities with over 35,000 restaurant partners and xl,000 delivery executives. It is currently operational in cities similar New Delhi, Gurugram, Mumbai, Pune, Kolkata, Bengaluru, Hyderabad and Chennai.