Swiggy to invest $700 mn in its express grocery delivery service Instamart

Swiggy Instamart is currently doing more than 1 million orders per week and will start 15-minute deliveries in top cities by January 2022

Food delivery giant Swiggy said that it will invest $700 million in its express grocery delivery service Instamart.  Launched in Gurugram and Bengaluru in 2020, Swiggy Instamart is now serving customers across 18  cities, and doing over 1 million orders per week.

In the last few months, Swiggy Instatmart has on-boarded more than one seller-run dark store every  day. By January 2022, it will make deliveries in 15 minutes by having the network of dark stores very close to the majority of its customers.  

“At our current growth trajectory, Instamart is set to reach an annualised GMV (gross merchandise value)