As per the recent reportage, Swiggy is looking forward to expand its delivery services across the regional delivery market. The planned services are expected to be performed around October-November across Delhi-NCR, Bengaluru, and Mumbai.
It is also learned that Swiggy has recently joined the Unicorn club with $210 Mn funding. A popular food delivery company, Swiggy has now planned to enter into hyperlocal with medicines and grocery.
“Swiggy is launching a concierge-like service and will enable buying and delivery of products from any store in the city including pharmacies, electronics, groceries and even flower and gift shops. It will also feature a customer-to-customer pick-up and drop service,” the source added
This move is a straight challenge to Bengaluru-based Dunzo which is supported by Google and Quikr as part of its Quikr Easy platform.
This plan of action is expected to increase the delivery volume of the company and it would grow higher than its current over 14 Mn orders per month across food delivery.
Swiggy: A Diversified Carting System
“Swiggy is expecting to grow this business vertical significantly to almost 15-20% of their revenues over the next 2 years,” the source added.
Swiggy rejected the idea of sharing its new initiatives in detail. A representative rather said, “At Swiggy, enabling convenience for our consumers is at the core of how we operate. We’re constantly experimenting with ways in which we can do that better while providing them with a delightful experience.”
The fastest unicorn, Swiggy has raised $210 Mn in a series G funding led by existing investor Naspers and new investor DST Global. With exclusive funding, Swiggy has planned to quickly raise its supply chain network and expand its new markets with a motive to give an extraordinary customer service support.
Swiggy was indeed an exceptional move, now it is ready to increase its offerings that would join the multi-services club of Indian Startups.