MUMBAI: : Swiggy's board has approved an investment of up to Rs 1,000 crore in its wholly owned subsidiary, Scootsy Logistics, through a rights issue. The investment will be made in multiple tranches and is aimed at strengthening working capital and funding expansion initiatives.

Scootsy Logistics specialises in supply chain services, including warehouse management, in-warehouse processing, and efficient order fulfilment for wholesalers and retailers. The company plays a critical role in streamlining logistics and ensuring seamless deliveries across India. The transaction qualifies as a related party deal but is conducted at arm’s length, with Swiggy maintaining its existing shareholding without further financial interest beyond this investment.

Scootsy did a turnover of Rs 57,957 million in FY 2024; Rs 36,862 million in FY 2023 and Rs 15,803 million in FY 2022.

Shares under the rights issue will be issued at Rs 7,640 each, including a Rs 7,630 premium, or at a price determined through valuation.

Established in 2014, Scootsy has been a key logistics partner in India’s fast-growing e-commerce sector, offering scalable and efficient logistics solutions. Swiggy’s investment underscores its commitment to bolstering supply chain infrastructure, enhancing operational efficiency, and supporting future growth in the evolving digital commerce landscape.