Swiggy acquires Scootsy for approximately Rs 50 cr

August 02, 2018 13:56

Food ordering and delivery firm Swiggy today 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, it added. Commenting on the development, 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."

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