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Swiggy To Invest INR 1,000 Cr In Subsidiary Scootsy

Summary by Inc42 Media

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 said that the investment is for working capital and other capital expenditures as part of the company’s business expansion. Sc…

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Swiggy to invest Rs 1,000 Cr in subsidiary Scootsy for biz expansion

Food delivery and quick-commerce platform Swiggy Limited has announced an investment of up to Rs 1,000 crore (approximately $117 million) in its wholly owned subsidiary, Scootsy Logistics, to support business expansion and operational growth. The decision was approved at a board meeting held on February 21, 2025, where Swiggy outlined its plan to invest the amount in one or more tranches through a rights issue, as stated in its stock exchange fi…

22 hours ago

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