Online food delivery platform and recent unicorn, Swiggy said that it has acquired Mumbai-based delivery platform Scootsy.
Scooty delivers a variety of items from food, dishes, dessert to home decor, stationery, toys and games and much more.
It was an all-cash acquisition for approximately Rs 50 crore. Not only will this move strengthen Scootsy’s curated restaurant network and help it expand to newer cities, it is also a step towards Swiggy’s plan of foraying into hyperlocal delivery. In a statement, Swiggy said that Scootsy will continue to operate as an independent app post-acquisition.
Scootsy was founded in 2015 within the Antfarm business incubator. Last year Scootsy raised $3.6 million in funding from Agnus Capital and Khattar Holdings.
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.”
As Swiggy brings with it a conducive ecosystem and the right resources for expansion, the acquisition will enable Scootsy’s expansion across Mumbai as well as propel its foray into 4-5 major Indian cities in the coming months, the statement said.
Scootsy CEO Sandeep Das said, “As we continue to evolve with our much-loved user experience, our users will benefit from Swiggy’s operational excellence and deep understanding of the ecosystem”.
Swiggy said the acquisition will extend the breadth and selection of company’s existing network of 40,000 restaurants by adding more curated restaurants to it.