Office Address
123/A, Miranda City Likaoli Prikano, Dope
Phone Number
+0989 7876 9865 9
+(090) 8765 86543 85
Email Address
info@example.com
example.mail@hum.com
123/A, Miranda City Likaoli Prikano, Dope
+0989 7876 9865 9
+(090) 8765 86543 85
info@example.com
example.mail@hum.com
"The turnover of Scootsy for the financial year ended March 31,
2024, is Rs 5,195.7 crore. The shares are being acquired at Rs 7,640 per share
(including a premium of Rs 7,630 per share). There will be no change in
shareholding of Swiggy in Scootsy, which will continue to remain a wholly-owned
subsidiary," says the release.
Scootsy's
business includes warehouse management to streamline operations, in-warehouse
processing that includes value added services to enhance product delivery and
efficient order fulfillment, which enables efficient order picking, packing,
and shipping processes for the wholesalers and retailers, the release added. India-based Scootsy had reported a turnover
of Rs 3,686 crore in the financial year 2023.
Swiggy
said the investment in Scootsy follows the Rs 1,600 crore it made in December, Reuters reported. "Swiggy's
revenue from supply chain services rose nearly 23 percent year-on-year to Rs
1,693 crore in the October- December quarter."
