Swiggy acquires on-demand delivery platform Scootsy for Rs 500 million

After the acquisition, Scootsy will continue as an independent app and Swiggy will help the brand expand to about five newer cities

In what is being seen as a distress sale, food ordering and delivery company Swiggy has acquired on-demand platform Scootsy in an all-cash deal.

A PTI report said the acquisition of Scootsy is for approximately Rs 500 million. Founded in 2015, Mumbai-based Scootsy, which delivers food, beauty products, home décor and electronics, among other things to customer’s doorsteps, had only raised a pre-Series A funding of $3.6 million last year, in a round led by Agnus Capital and Khattar Holdings. The start-up has not been able to raise any institutional funding in the past year even though industry leaders in the