Swiggy Limited — Board Meeting, 21-02-2025: Outcome of Board Meeting

The Board of Directors of Swiggy Limited has announced a board meeting to discuss the investment up to INR 1,000 crores in Scootsy Logistics Private Limited, its wholly owned subsidiary. This investment will be utilized for working capital and capital expenditures as part of the company's expansion strategy. The total turnover of Scootsy for the financial year ended March 31, 2024, was approximately INR 519.57 crores. The meeting's key focus is on this strategic investment, which aims to enhance operational capabilities and support growth in the e-commerce sector.