Swiggy is looking to extend its services across hyperlocal delivery market by November. After capturing the majority share of food delivery the company is expanding its basket of services to delivering household items.
Swiggy has recently raised 210 million dollars in a round led by DST Global, Naspers, Meituan-Dianping and Coatue Management. The startup’s net value has now gone up to 1.3 billion dollars.
The company will utilize the newly raised funds test its new strategy across Bengaluru, Mumbai and the Delhi-NCR region from October. The main objective of this diversification is to increase the number of deliveries being carried out. At present, there are more 14 million deliveries carried out every month under the brand. The move is expected to add significant muscle to Swiggy’s delivery volume, which is over 14 million orders per month across food delivery alone and also aid its topline strongly.