CosmicTaco

Swiggy Invests INR 1,000 Cr In Scootsy

CosmicTaco · 2025-02-22T07:08:20.439333+05:30

- Swiggy's board has approved a significant investment of INR 1,000 Cr in its subsidiary, Scootsy. - The investment will be made through a rights issue in one or more tranches. - The goal is to provide working capital and other capital expenditures for Scootsy's business expansion. - Scootsy's revenue for FY24 was INR 5,795.7 Cr, marking a 57% increase from the previous fiscal year. - Each share of Scootsy is valued at INR 7,640 in this transaction. Source: [Inc42](https://inc42.com/buzz/swiggy-to-invest-inr-1000-cr-in-subsidiary-scootsy/)

Swiggy's board has approved a significant investment of INR 1,000 Cr in its subsidiary, Scootsy.
The investment will be made through a rights issue in one or more tranches.
The goal is to provide working capital and other capital expenditures for Scootsy's business expansion.
Scootsy's revenue for FY24 was INR 5,795.7 Cr, marking a 57% increase from the previous fiscal year.
Each share of Scootsy is valued at INR 7,640 in this transaction.

Source: Inc42