Swiggy to invest Rs 1K crore in Scootsy Logistics in one or more tranches

Food and grocery delivery firm Swiggy Ltd said on Friday that it will invest up to Rs 1,000 crore in Scootsy Logistics in one or more tranches.

Scootsy is currently engaged in the business of supply chain services and distribution.

The services include warehouse management to streamline operations, in-warehouse processing with value-added services to enhance product delivery, and efficient order fulfilment, enabling effective order picking, packing, and shipping for wholesalers and retailers.