Swiggy to start online grocery services through Swiggy Stores


The popular app-based food delivery start-up, Swiggy, recently announced that it will soon launch Swiggy Stores, a new extended service by the company that will deliver retail products such as groceries, medicines, baby-care products, etc. to customers.

Swiggy has stepped into the hyper-local avenue which has grown into an attractive sphere and has firms such as grofers, bigbasket and dunzo in the field already.

Currently, Swiggy Stores is being on a pilot project basis in Gurugram where the company has tied up with about 3,500 local sellers – Apollo Pharmacy, HealthKart, Ferns N Petals, Zappfresh, Needs Supermarket, and so on. The plan is to launch the service in all major Indian cities soon. 

The Bengaluru-based firm estimates the value of Swiggy Stores to be $3.3 billion. The company, backed by Naspers and Tencent, recently raised $1 billion. 

The charges to be levied for below average-sized orders has not been mentioned yet. However, it has been said that deliveries will be made within an hour’s time. 

Swiggy makes over 28 million transactions on a monthly basis and is available in 80 cities. The company has 1.25 lakh delivery partners. 

Source: Business Standard and Money Control


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