India’s Swiggy goes beyond food to offer product delivery from local stores

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Swiggy, the Indian food delivery service, has made its much anticipated moved into general deliveries today after it announced its new ‘stores’ product.

The move has been speculated since as early as 2017, but recent developments have taken the company closer towards the expansion. Last September, Swiggy picked up delivery service SuprDaily in an acquisition while the company went on to raise a $1 billion funding round in December. That round was led by Naspers, it put Swiggy’s valuation to $3.3 billion and saw Tencent, the Chinese internet giant behind WeChat among others, join as an investor.

Money in the bank? Check. Expertise on the team? Check. Swiggy now seems positioned to make this major move.

Stores will be available

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Read full article » https://techcrunch.com/2019/02/11/swiggy-store/


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