Swiggy public issue: Plans to expand dark stores, invest in technology, cloud infrastructure

NEW DELHI: Food delivery platform Swiggy, which will raise Rs 3,750 crore via a fresh issue of shares, plans to use over Rs 559 crore of the net proceeds out of Rs 982 crore towards investing in its material subsidiary, Scootsy.

Scootsy will in turn be utilised for opening about 538 dark stores. A strong network of dark stores (which is a retail distribution centre for online orders) is essential for quick commerce players.