Swiggy takes over Scootsy for Rs 50 cr

Swiggy takes over Scootsy for Rs 50 cr

FPJ BureauUpdated: Wednesday, May 29, 2019, 07:22 AM IST
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New Delhi : 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 source 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.

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 and propel its foray into 4-5 major cities.

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