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CORPORATE FRANCHISE BUSINESS OPPORTUNITY IN INDIA

Swiggy to invest $115 mln in supply chain unit amid quick-commerce expansion

Swiggy announced an investment of up to 10 billion rupees in its supply chain subsidiary Scootsy to boost its quick-commerce arm Instamart. This move follows a 16 billion rupee investment last December, aiming to enhance service efficiency in delivering groceries and electronics within 10 minutes. The sector's rapid growth has led to margin pressures despite increasing revenues.

from Top Retail News | Latest Retailing & Retail Industry Information and Updates: ET Retail : ETRetail.com https://retail.economictimes.indiatimes.com/news/e-commerce/e-tailing/swiggy-to-invest-115-mln-in-supply-chain-unit-amid-quick-commerce-expansion/118469827
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