Indian food delivery firm Swiggy to supply home essentials

Indian food delivery firm Swiggy to supply home essentials

REUTERS: Indian online food delivery service Swiggy said on Tuesday it was expanding its ambit to include home delivery of essentials such as groceries from brick-and-mortar stores.

Swiggy has tied up with stores to deliver fruits and vegetables, baby care items and health products, it said in a statement.

The new service called 'Swiggy Stores', which will be accessible on its mobile app, will pit the Bengaluru-based startup against online grocers such as BigBasket, which is backed by Alibaba.

Swiggy, which runs a mobile-based application and a website for food-delivery services, currently operates in more than 80 Indian cities.

It was valued at a little more than US$3 billion after raising US$1 billion in its last funding round in December, led by South African internet giant Naspers Ltd.

(Reporting by Krishna V Kurup in Bengaluru; Editing by Gopakumar Warrier)

Source: Reuters

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