Food delivery and quick-commerce giant Swiggy Limited has announced an investment of up to ₹1,000 crore (approximately $117 million) in its wholly owned subsidiary, Scootsy Logistics. The move is aimed at supporting business expansion and strengthening operational capabilities.
The investment plan was approved during a February 21, 2025 board meeting. Swiggy will infuse the funds through a rights issue in one or more tranches, as disclosed in its stock exchange filing. The capital injection will be made through cash consideration, with shares priced at ₹7,640 per share, including a premium of ₹7,630 per share.
Swiggy has earmarked the funds for working capital and capital expenditures to bolster Scootsy’s logistics and supply chain infrastructure.
Scootsy’s Growth Trajectory
Scootsy Logistics specializes in supply chain services, including warehouse management, order fulfillment, and last-mile delivery solutions. The company has witnessed significant growth in recent years, with revenue climbing to ₹5,795.7 crore in FY24 from ₹3,686.2 crore in FY23 and ₹1,580.3 crore in FY22.
In Q3 FY25, Scootsy contributed 42% of Swiggy’s overall operating revenue, with income surging 23% quarter-over-quarter to ₹1,692 crore, up from ₹1,377 crore in Q3 FY24.
Strategic Move for Market Competitiveness
Despite the capital infusion, Swiggy’s ownership in Scootsy remains unchanged, and the subsidiary will continue operating under its existing structure. Swiggy expects this investment to enhance scalability, optimize delivery operations, and strengthen its competitive position in the logistics and quick-commerce space.
With this move, Swiggy reinforces its commitment to expanding its logistics network and improving service efficiency as it competes with industry rivals in the growing quick-commerce and food delivery market.
