MOHAMMAD ZIYAUDDIN
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New Delhi: Swiggy Ltd shares were in focus on Monday after the company announced a ₹1,000 crore investment plan for the expansion of its subsidiary, Scootsy Logistics Private Limited.
However, the announcement didn’t prevent a decline in Swiggy’s stock price, as it traded 1.25% lower at ₹356.20 per share on the Bombay Stock Exchange (BSE) at 10:40 AM IST, marking a ₹4.50 drop from the previous close.
Stock Market Performance & Swiggy's Decline
Swiggy Ltd (10:40 AM IST):
- Stock Price: ₹356.20
- Change: -₹4.50 (-1.25%)
Overall Market Performance:
- BSE Sensex: Down 772.77 points (-1.03%) at 74,538.29
- NSE Nifty: Down 234.10 points (-1.03%) at 22,561.80
Swiggy’s decline aligns with the broader market downturn, which has been impacted by global uncertainties and foreign investor sell-offs.
Swiggy’s ₹1,000 Crore Investment in Scootsy: Key Details
Investment Purpose:
- The funds will be used for working capital needs and capital expenditures for business expansion.
Mode of Investment:
- Swiggy will invest in Scootsy via a rights issue, as per its exchange filing.
What is Scootsy?
Scootsy is a quick, curated one-stop pan-city delivery platform, providing:
Supply chain & warehouse management services
Food & grocery delivery
Stationery & clothing distribution
Parcel delivery services
Swiggy's Stock Struggles Since Listing
Swiggy was listed on the stock exchanges in November 2024, but its shares have dropped 33.62% in 2025 so far.
Meanwhile, Scootsy had a turnover of ₹5,195.7 crore in FY 2023-24, with its acquisition cost reported at ₹7,640 per share, according to Economic Times.
Market Outlook: Can Swiggy Rebound?
Swiggy’s investment in Scootsy signals long-term growth plans, but investors are cautious amid:
- Broader market volatility
- Concerns over profitability & execution
- Increased competition in quick commerce & logistics
